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Government may soon back troubled mortgage giants
WASHINGTON - The government is expected to take over Fannie Mae and Freddie Mac as soon as this weekend in a monumental move designed to protect the mortgage market from the failure of the two companies, which together hold or guarantee half of the nation's mortgage debt, a person briefed on the matter said Friday night.
Nations:U.S. People:Henry Paulson Ben Bernanke Activities:2007 Global Credit Crunch
2008-09-06
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 (FNM.N) and Freddie Mac (FRE.N) under federal control, the New York Times and Washington Post newspapers reported late Friday, in what could be the largest financial bailout in the nation's history.
Nations:Russia People:Henry Paulson Ben Bernanke George W. Bush
2008-09-06
Greenspan: Don't use Fed as a 'magical piggy bank'
WASHINGTON - Troubled by the Bear Stearns debacle, former Federal Reserve Chairman Alan Greenspan is advocating a new way of dealing with government bailouts of companies whose sudden collapse could wreak havoc on the country's economic and financial stability.
People:Henry Paulson Ben Bernanke Alan Greenspan
2008-09-05
Economy rebounds in 2Q, mostly spurred by exports
WASHINGTON - The economy shifted to a higher gear in the spring, growing at its fastest pace in nearly a year as foreign buyers snapped up U.S. exports and tax rebates spurred shoppers at home.
People:Ben Bernanke Barack Obama John McCain Activities:2008 U.S. Recession Source:(AP)
2008-08-28
Fed: Rates not too low; next move likely to be up
WASHINGTON - Even as they grappled with inflation worries, most Federal Reserve officials at their August meeting didn't believe the Fed's key interest rate was too low given harder-to-get credit conditions straining consumers and businesses alike.
People:Ben Bernanke Activities:2007-8 Global Inflation Source:(AP)
2008-08-26
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