U.S. Rescue Seen at Hand for 2 Mortgage Giants

Henry M. Paulson Jr., the Treasury secretary, and Ben S. Bernanke, the Federal Reserve chairmanWASHINGTON - Senior officials from the Bush administration and the Federal Reserve on Friday called in top executives of Fannie Mae and Freddie Mac, the mortgage finance giants, and told them that the government was preparing to place the two companies [...] continue reading world news