The US government has taken control of ailing mortgage giants Fannie Mae and Freddie Mac, because they posed what President George W Bush called "an unacceptable risk" to the economy.
The two companies account for nearly half of the outstanding mortgages in the US, and have lost billions of dollars during the US housing crash. The most recent figures show about 9 percent of US homeowners were behind on their payments or faced repossession. The federal takeover is one of the largest bail-outs in US history.
(Deutsche Welle)
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