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Paulson Engineers U.S. Takeover of Fannie, Freddie (Update3)

Published September 7, 2008, 1:32 pm, Bloomberg.com

Sept. 7 (Bloomberg) -- The U.S. government seized control of Fannie Mae and Freddie Mac after the biggest surge in mortgage defaults in at least three decades threatened to topple the companies making up almost half the U.S. home-loan market.

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Treasury seizes Fannie Mae, Freddie Mac to bolster housing market - Miami Herald
WASHINGTON -- The historic seizure Sunday of mortgage finance titans Fannie Mae and Freddie Mac is expected to bolster the nation's sinking housing sector by lowering mortgage rates and jump-starting the obscure background market that is vital to ...

Paulson Engineers U.S. Takeover of Fannie, Freddie (Update3) - Bloomberg
Sept. 7 (Bloomberg) -- The U.S. government seized control of Fannie Mae and Freddie Mac after the biggest surge in mortgage defaults in at least three decades threatened to topple the companies making up almost half the U.S. home-loan market. ``Our ...

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