Breaking News Alert
The New York Times
Friday, September 5, 2008 -- 9:03 PM ET
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Government Preparing Plan to Seize Fannie Mae and Freddie Mac, Officials Say
Senior officials from the Bush administration and the Federal
Reserve informed top executives of Fannie Mae and Freddie
Mac, the mortgage-finance giants, that the government is
preparing a plan to seize the two companies and place them in
a conservatorship, officials and company executives briefed
on the discussions said.
Read More:
http://www.nytimes.com/?emc=na
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