Fannie Mae and Freddie Mac Purchased by U.S. Government

Ron Blackwell of the AFL-CIO says housing prices falling faster than during Great Depression.

Federal government nationalizes troubled mortgage giants Fannie Mae and Freddie Mac becoming one of the biggest players in the US Mortgage Market. Many private analysts worry that it may not be enough to stabilise the slumping housing market, given the glut of vacant homes for sale Read more