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Government takes control of Fannie, Freddie

Category: Business

Publish Date: 09-07-2008 08:39 AM -0700


Sep. 7: Treasury Secretary Henry Paulson announces the government's plans to take over mortgage giants Freddie Mac and Fannie Mae. NBC's Patty Culhane reports. (MSNBC)The U.S. government announced on Sunday that it was taking control of troubled mortgage finance giants Fannie Mae and Freddie Mac, effectively wiping out shareholders' interest in the publicly traded companies.



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