The government has formulated a plan to put troubled mortgage giants Fannie Mae and Freddie Mac under federal control, dismiss their top executives and prop them up financially, federal officials told the two companies yesterday, according to three sources familiar with the conversations. -
By David S. Hilzenrath, Neil Irwin and Zachary A. Goldfarb
U.S. Nears Rescue Plan For Fannie And Freddie
The government has formulated a plan to put troubled mortgage giants Fannie Mae and Freddie Mac under federal control, dismiss their top executives and prop them up financially, federal officials told the two companies yesterday, according to three sources familiar with the conversations.-
By David S. Hilzenrath, Neil Irwin and Zachary A. Goldfarb