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U.S. seizes Fannie and Freddie
Posted: September 8th, 2008, 12:34am CEST
Federal officials on Sunday unveiled an extraordinary takeover of Fannie Mae and Freddie Mac, putting the government in charge of the twin mortgage giants and the $5 trillion in home loans they back. -
Men in suits - few answers
Posted: September 8th, 2008, 12:29am CEST
There were no shortage of questions following the announcement Sunday morning of the massive government takeover of Fannie Mae and Freddie Mac. The cost to taxpayers? The outcome for shareholders? Will this bailout lead other big companies to take too much risk? -
What rescue means for mortgage rates
Posted: September 8th, 2008, 12:17am CEST
Mortgage applicants rejoice!