[ Reuters: Top News] U.S. to take control of Fannie and Freddie: reports
Posted: Sat Sep 06, 2008 12:30 am
WASHINGTON/NEW YORK (Reuters) - The U.S. government plans to put government sponsored mortgage finance companies Fannie Mae and Freddie Mac under federal control, the New York Times and Washington Post newspapers reported late Friday, in what could be the largest financial bailout in the nation's history.
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