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Updated : Mon, 08 Sep 2008 03:26:05 GMT

U.S. seizes Fannie, Freddie, aims to calm markets (Reuters)

Reuters - The U.S. government on Sunday seized control of mortgage finance companies Fannie Mae and Freddie Mac , launching what could be its biggest bailout ever in a bid to support the U.S. housing market and ward off more global financial market turbulence.

Publ.Date : Mon, 08 Sep 2008 00:47:48 GMT

Asian banks surge on Fannie, Freddie bailout (Reuters)
Reuters - Shares in Asian banks soared on Monday after the U.S. government took over Fannie Mae and Freddie Mac , reassuring investors worried about exposure to the troubled mortgage giants' bonds and the value of other risky debt assets.
Publ.Date : Mon, 08 Sep 2008 03:26:05 GMT

WaMu picks Meridian's Fishman as new CEO: report (Reuters)

Reuters - Washington Mutual Inc , the largest U.S. savings and loan, is replacing Chief Executive Kerry Killinger, making him the latest high-profile casualty of the credit crisis, the Wall Street Journal reported on its website on Sunday.

Publ.Date : Mon, 08 Sep 2008 02:52:26 GMT

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