BestOfBid.com

Yahoo! News: US takes over Fannie, Freddie in bid to ease finance...

Summary: p US Federal Housing Finance Agency Director James Lockhart (L) and Treasury Secretary Henry Paulson (R) hold a press conference in Washington, DC. The US government took over mortgage giants Fannie Mae and Freddie Mac on Sunday, placing them in a conservatorship to help avert a financial system meltdown from the housing crisis. /p

Image Dimensions: 410 x 316