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Old 09-07-2008, 11:10 AM  
emjay
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US government takes control of Fannie and Freddie

The US Treasury has announced a rescue plan for Fannie Mae and Freddie Mac, the two struggling government-sponsored mortgage groups whose fate is key to the future of the US housing industry and financial markets.

http://www.ft.com/cms/s/0/79ea39b6-7...077b07658.html
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