Government takes control of� Fannie, Freddie

News Type: Event — Seeded on Sun Sep 7, 2008 11:14 AM EDT

Article Source: msnbc.com

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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Mykola Bilokonsky's Column, All of Newsvine
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