Politics & Government

September 5, 2008

Will the government rescue Fannie Mae and Freddie Mac?

Reports circulated Friday about a weekend rescue plan for troubled mortgage finance titans Fannie Mae and Freddie Mac. There's precedent for big weekend announcements: The Federal Reserve announced both the fire sale of investment bank Bear Stearns and an earlier rescue plan for Fannie Mae and Freddie Mac on Sundays.

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