U.S. Government Takes Control of Ailing Mortgage Giants Fannie Mae and Freddie Mac
September 08, 2008 at 09:04 AM EDT
In what could prove to be the biggest federal bailout in U.S. history, the federal government will take control of mortgage giants Fannie Mae (FNM) and Freddie Mac (FRE) - the U.S. government’s latest attempt to blunt a credit crisis that has spawned…