News: Gov’t to back Fannie and Freddie?

Hot off the AP Wire…

Gov’t may soon back Fannie, Freddie
Friday September 5, 10:58 pm ET
By Alan Zibel, AP Business Writer

Gov’t may soon take over troubled mortgage finance giants Fannie Mae, Freddie Mac WASHINGTON (AP) — 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…

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About Andrew Kantor

Andrew is VAR's editor and information manager, and -- lessee now -- a former reporter for the Roanoke Times, former technology columnist for USA Today, and a former magazine editor for a bunch of places. He hails from New York with stops in Connecticut, New Jersey, Cincinnati, Columbus, and Roanoke.
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