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• Government takes control of Fannie, Freddie
The regulator of the two companies, the Federal Housing Finance Agency (FHFA) will manage the two companies on a temporary basis. The takeover is the second rescue bid engineered by the U.S. Treasury Department in little more than six weeks. It came ...
• GSE plan expected at Treasury news conference
WASHINGTON - U.S. Treasury Secretary Henry Paulson and Federal Housing Finance Agency Director James Lockhart will hold a news conference at 11 a.m. on Sunday, the Treasury Department said. The officials are expected to announce plans for a federal ...
• See today's average credit card rates across the country.
Treasury Secretary Henry Paulson and two other regulators are working on a plan to put the troubled mortgage finance companies into a conservatorship and remove Fannie Mae CEO Daniel Mudd and Freddie Mac CEO Richard Syron, according to Rep.
• U.S. to take control of Fannie and Freddie: reports
WASHINGTON/NEW YORK (Reuters) - The U.S. government plans to put government sponsored mortgage finance companies Fannie Mae and Freddie Mac under federal control, the New York Times and Washington Post newspapers reported late Friday ...
• Official: 6 killed in Iraq bomb; Chalabi uninjured
He was a member of the next two Cabinets, serving as finance minister and then as deputy prime minister but failed to win a seat in parliament in the 2005 election.