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Fannie, Freddie Capital Concerns Prompt Paulson Plan (Update1) - Bloomberg
Sept. 7 (Bloomberg) -- Treasury Secretary Henry Paulson decided to take control of Fannie Mae and Freddie Mac after a review found the beleaguered mortgage-finance companies used accounting methods that inflated their capital, according to people ...

As rescue looms, questions raised - Boston Globe
Fannie Mae and Freddie Mac play a critical - and complex - role in the health of the nation's housing market. Here are answers to questions about their mission and the impact of the federal government's expected takeover of these companies. Q. What ...

Government may soon back troubled mortgage giants - Forbes
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 ...

Gov't may back top troubled mortgage companies - International Herald Tribune
WASHINGTON : Fannie Mae and Freddie Mac are expected to be taken over by the government as soon as this weekend in a bold move designed to protect the mortgage market from the risk the companies could fail, a person briefed on the matter said Friday ...

State of Franklin Savings Bank to sell to Morristown bank - Johnson City Press
State of Franklin Savings Bank’s decade-long run as the only Johnson City-headquartered bank has ended with its sale to Morristown-based Jefferson Federal Bank, pending approval by SOFB shareholders, and co-founder Charles E. Allen, Jr., is ...

Day Two: Could you live on $275 a week? That's Florida's maximum ... - Fort Lauderdale Sun-Sentinel
Florida ranks as one of the lowest-paying states in the nation in what it pays unemployed workers. Whether you lose a $30,000-a-year job or one that pays six figures, your maximum unemployment compensation breaks out to $6.88 an hour — less than ...

Jefferson Bancshares moves to acquire State of Franklin - TradingMarkets.com
The cash and stock transaction is valued at $10.9 million, according to a press release issued after the stock markets closed Thursday. The merger is expected to be completed in the third quarter or early fourth quarter. Following the merger ...

Paulson to Take Over and Restructure Fannie, Freddie (Update4) - Bloomberg
Sept. 6 (Bloomberg) -- Treasury Secretary Henry Paulson will use his authority to rescue Fannie Mae and Freddie Mac , likely placing the beleaguered mortgage-finance companies under government control as early as this weekend. The Treasury plans to ...

Up Next - CBS News
THE WAR WITHIN - In his latest inside-the-White-House book, legendary reporter Bob Woodward reveals the thoughts and strategies governing the war in Iraq that come directly from President Bush and his inner circle. Scott Pelley reports. Robert ...

Global Diversified Investment Grade Income Trust II - Recent ... - CNW Group
MONTREAL, Sept. 5 /CNW Telbec/ - Global Diversified Investment Grade Income Trust II ("Global DIGIT II") (TSX: GII.UN) announces that, further to recent announcements by Standard and Poor's Rating Services ("Standard & Poor's"), there has been a ...

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