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

[chris]

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

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