Fannie Mae and Freddie Mac Nationalized

agonist.org — Markets will open tomorrow with news that the federal government has effectively taken over both Fannie Mae and Freddie Mac, and extended a lifeline as well to the Federal Home Loan Banks.The U.S. Treasury Department, through its secretary Henry Paulson, describes its rescue plan as ?not a nationalization?, but let?s not be fooled here. Jul 14, 2008 View in Crawl 4