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RPT-WRAPUP 1-U.S. plan for Fannie, Freddie to hit shareholders
* Frank says Treasury to takeover management of companies Full Article
TIMELINE: U.S. plan for Fannie, Freddie to hit shareholders
(Reuters) - The U.S. government plans to takeover Fannie Mae and Freddie Mac and all shareholders of the two mortgage giants will take a hit, an influential lawmaker said on Saturday. Full Article
Fannie, Freddie's boards meet Saturday to mull government plan
WASHINGTON (Reuters) - The boards of mortgage finance companies Fannie Mae and Freddie Mac were set to meet on Saturday to discuss a government plan to place the companies under federal control, sources said. Full Article
U.S. to take control of Fannie and Freddie: reports
WASHINGTON/NEW YORK (Reuters) - The U.S. government plans to put government sponsored mortgage finance companies Fannie Mae and Freddie Mac under federal control, the New York Times and Washington Post newspapers reported late Friday, in what could be the largest financial bailout in the nation's history. Full Article
Jobless rate at 5-year high
WASHINGTON (Reuters) - An unexpectedly steep 84,000 U.S. jobs were lost in August and the national unemployment rate hit a five-year high of 6.1 percent, fanning worry ahead of November's presidential vote about rising recession risks. Full Article
Treasury near GSE bailout plan: report
WASHINGTON/NEW YORK (Reuters) - The U.S. Treasury Department is close to finalizing a plan to buttress mortgage finance companies Fannie Mae and Freddie Mac, The Wall Street Journal reported on Friday. Full Article
UPDATE 2-Treasury near GSE bailout plan -Wall St Journal
(Adds Fed declined to comment, analyst comment, stock and bond movements, background) Full Article
Wall St Week Ahead-Battered stocks face another tough week
NEW YORK, Sept 5 (Reuters) - The bears have been in firm control on Wall Street so far in September, and with anxiety about the health of the U.S. and world economies on the rise, they probably won't choose next week to go into hibernation. Full Article
Banks see small improvements amid volatile markets
CALGARY, Alberta, Sept 5 (Reuters) - Financial markets are still volatile and fragile, with investors fretting over rumors of major bank losses or large portfolios getting dumped onto the market, Josef Ackermann, chief executive of Deutsche Bank , said on Friday. Full Article
Fed's Yellen: Jobless jump shows economy's risks
LOS ANGELES (Reuters) - San Francisco Federal Reserve Bank President Janet Yellen said on Friday that an unexpected jump in the August unemployment rate highlights the risk of a vicious cycle of weakness locking into place for the U.S. economy. Full Article
