[ Reuters: Top News] U.S. seizes Fannie and Freddie
Posted: Mon Sep 08, 2008 12:30 am
WASHINGTON (Reuters) - The U.S. government on Sunday seized control of mortgage finance companies Fannie Mae and Freddie Mac launching what could be its biggest bailout ever to support the U.S. housing market and ward off more global financial market turbulence.
Link to article
Link to article