Reuters: U.S. seizes Fannie, Freddie, aims to calm markets

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U.S. seizes Fannie, Freddie, aims to calm markets
      

WASHINGTON (Reuters) - The U.S. government on Sunday seized control of mortgage finance companies Fannie Mae and Freddie Mac, launching what could be its biggest federal bailout ever, in a bid to support the U.S. housing market and ward off more global financial market turbulence.
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