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PRESS DIGEST - Washington Post - Sept 8

Mon Sep 8, 2008 12:21am EDT

WASHINGTON, Sept. 8 (Reuters) - Washington Post included the following items on its front page on Sept 8. Reuters has not verified these stories and does not vouch for their accuracy.

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The government seized control of Fannie Mae and Freddie Mac in a dramatic bid to restore faith in the embattled mortgage giants and arrest a vicious cycle that has driven the nation's economy into a steep downturn.

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Treasury Secretary Henry Paulson's rescue plan for Fannie Mae and Freddie Mac almost certainly means the two mortgage financiers will cease to exist in their current form, igniting the battle over the future of these giant institutions.

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