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U.S. to take control of Fannie and Freddie: reports(Reuters)
Friday, 09.05.2008, 10:04pm (GMT-7)

Reuters - The U.S. government plansto put government sponsored mortgage finance companies FannieMae and Freddie Mac under federal control, theNew York Times and Washington Post newspapers reported lateFriday, in what could be the largest financial bailout in thenation's history.

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