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09/07/08
Feds create a rescue plan for shaky lenders Fannie, Freddie
Filed under: General, Mortgages
Posted by: Lillian Wong @ 1:06 pm

WASHINGTON - The government has formulated a plan to put troubled mortgage giants Fannie Mae and Freddie Mac under federal control, prop them up financially and dismiss their top executives, federal officials told the two companies Friday, according to three sources familiar with the conversations.  more…

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