US Government takes over mortgage giants - East Valley Tribune: Business

US Government takes over mortgage giants

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Posted: Sunday, September 7, 2008 3:28 pm | Updated: 9:07 pm, Fri Oct 7, 2011.

 WASHINGTON - The Bush administration seized control Sunday of troubled mortgage giants Fannie Mae and Freddie Mac, aiming to stabilize the housing market turmoil that is threatening financial markets and the overall economy.

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