Investors, Industry Pleased With Govt. Takeover

Uncle Sam has just become the 800 pound gorilla in the U.S. mortgage market. The Bush administra...  More »

Uncle Sam has just become the 800 pound gorilla in the U.S. mortgage market. The Bush administration is seizing troubled mortgage giants Fannie Mae and Freddie Mac in a bid to help reverse a prolonged housing and credit crisis. (Sept. 8)  « Less