By and and  on September 9, 2008

Retail executives are hoping out of bad news comes good.

As financial markets worldwide responded positively on Monday to the U.S. government’s bailout of the financially struggling mortgage giants Fannie Mae and Freddie Mac, industry executives, economists and other observers were hopeful the sigh of relief on Wall Street would translate into increased consumer confidence on Main Street — and perhaps save what so far looks like a dismal holiday shopping season.

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