Government Nears Deal To Take Over Fannie Mae, Freddie MacWASHINGTON — 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.
This is why I get angry and so should you. Disgusting.