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US mortgage giants taken under government control

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  • US mortgage giants taken under government control

    The US government’s decision to take control of America’s two mortgage giants, Fannie Mae and Freddie Mac, will have long-reaching effects on the world’s economy. Investors anticipate that the largest bail-out in US history will prop up the country’s housing market and ultimately help to end the credit crunch.Fannie Mae and Freddie Mac are [...]

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