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US Government takes over mortgage giants

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Old 09-08-2008, 12:10 AM   #1
MTK
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US Government takes over mortgage giants
WASHINGTON (AP) -- The Bush administration's seizure of troubled mortgage giants Fannie Mae and Freddie Mac is potentially a $200 billion bet that it will help reverse a prolonged housing and credit crisis.

US Government takes over mortgage giants: Financial News - Yahoo! Finance
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