Merrill 3Q loss widens on mortgage-related charges (AP)

AP - Merrill Lynch says it third-quarter loss widened as it took more than $12 billion in charges from the sale of mortgage-related investments and fallout from the continued credit crisis. Read more…

US govt takes over Fannie Mae, Freddie Mac (AFP)

07.09.2008 19:35 Finance

WASHINGTON (AFP) - The US government took control of mortgage giants Fannie Mae and Freddie Mac on Sunday, placing them in a government "conservatorship" to help the financial system recover from massive housing losses, officials said.

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