In Rescue to Stabilize Lending, U.S. Takes Over Mortgage Finance Titans
Sep 8th, 2008 | By David Harper | Category: United StatesThe bailout plan for the companies, Fannie Mae and Freddie Mac, a seismic event in a year of repeated financial crises followed by aggressive federal intervention, places the companies in a government conservatorship, much like a bankruptcy reorganization. The plan also replaces the management of the companies.