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Biden: Protect taxpayers in mortgage rescue (AP via Yahoo! News)
Joe Biden says the government's rescue of the big mortgage companies Freddie Mac and Fannie Mae should not mean bailing out shareholders at the expense of taxpayers.
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Mortgage Giants Agreeable to Rescue Plan, but Its Cost Is Unknown (New York Times)
Under the plan, the Treasury Department will buy billions of dollars in new mortgage securities issued by the companies and inject an unknown amount of capital into them.
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Obama, McCain call for changes in mortgage giants (USA Today)
Democratic presidential nominee Barack Obama said Saturday that any government takeover of troubled mortgage giants Fannie Mae and Freddie Mac must put the interests of taxpayers and homeowners first. His opponent, GOP nominee John McCain, said it was essential to restructure the mortgage giants.
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Prosecutor becomes figure in mortgage mess (Reuters via Yahoo! News)
Thomas O'Brien, the U.S. Attorney for California's Central District, is emerging as a likely prosecutor in criminal cases expected from the U.S. mortgage meltdown.
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U.S. mortgage giants open to rescue plan, but cost is unknown (International Herald Tribune)
Under the plan, the U.S. Treasury Department will buy billions of dollars in new mortgage securities issued by the companies and inject an unknown amount of capital into them.
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Fed Poised To Take Over Troubled Mortgage Giants (NPR)
A formal announcement is expected Sunday that U.S. mortgage giants Fannie Mae and Freddie Mac will be put into conservatorship. The intervention comes after the companies lost billions in the housing market turmoil, with no sign things are getting better.
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Obama, McCain call for changes in mortgage giants (Washington Post)
TERRE HAUTE, Ind. -- Democratic presidential nominee Barack Obama said Saturday that any government takeover of troubled mortgage giants Fannie Mae and Freddie Mac must put the interests of taxpayers and homeowners first. His opponent, GOP nominee John McCain, said it was essential to restructure...
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McCain backs government takeover of mortgage giants (AFP via Yahoo! News)
Republican presidential hopeful John McCain backed a government takeover of two mortgage giants Saturday while his Democratic rival warned that taxpayers should not bail out their shareholders.
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Obama, McCain call for changes in mortgage giants (AP via Yahoo! Finance)
Democratic presidential nominee Barack Obama said Saturday that any government takeover of troubled mortgage giants Fannie Mae and Freddie Mac must put the interests of taxpayers and homeowners first.
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Mortgage bail-out puts Obama on safer ground (Sydney Morning Herald)
THE US Government bail-out of the mortgage giants Freddie Mac and Fannie Mae, which potentially exposes taxpayers to billions of dollars of bad loans, has steered the presidential campaign firmly onto fertile ground for the Democrats - the fragile economy.
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