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News By Industry



US takes over Fannie, Freddie in bid to ease finance crisis
US takes over Fannie, Freddie in bid to ease finance crisis Sun, 07 Sep 2008 06:36 PM



The US government took over mortgage giants Fannie Mae and Freddie Mac on Sunday, placing them in a "conservatorship" to help avert a financial system meltdown from the housing crisis.



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