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US government ‘bazooka’ may save Fannie, Freddie (AFP)

Posted on Sunday 31 August 2008

People walk past a sign at the Freddie Mac headquarters in July in McLean, Virginia. Fannie Mae and Freddie Mac, two groups that underpin trillions of dollars in mortgages are facing a crisis that could force the US government to step in and possibly nationalize them, but some say the mere promise of massive aid may be enough to restore confidence.(AFP/File/Paul J. Richards)AFP - Can Treasury Secretary Henry Paulson’s “bazooka” save mortgage finance titans Fannie Mae and Freddie Mac from a calamitous meltdown?


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