Government may soon back troubled mortgage giants: Financial News - Yahoo! Finance

Government may soon back troubled mortgage giants: Financial News - Yahoo! Finance: "Government may soon back troubled mortgage giants
Friday September 5, 11:12 pm ET
By Alan Zibel, AP Business Writer

Government may soon take over troubled mortgage finance giants Fannie Mae, Freddie Mac

WASHINGTON (AP) -- The government is expected to take over Fannie Mae and Freddie Mac as soon as this weekend in a monumental move designed to protect the mortgage market from the failure of the two companies, which together hold or guarantee half of the nation's mortgage debt, a person briefed on the matter said Friday night."