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Feds plan to rescue Fannie Mae, Freddie Mac Economy
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score: -1
score: 2, Economy, 2008-07-14 02:00:40, published by CNN
The Treasury Department and Federal Reserve on Sunday outlined a comprehensive government plan to prop up Fannie Mae and Freddie Mac, the two mortgage finance giants that play a crucial role in the U.S. economy. The two companies own or back $5 trillion in home mortgages. [additional details]