Obama, McCain Back Treasury Action to Rescue Freddie, Fannie (Bloomberg)

Kim Chipman and Edwin Chen 33 minutes ago Sept. 6 (Bloomberg) -- Presidential candidates Barack Obama and John McCain gave their support for federal action to rescue Freddie Mac and Fannie Mae while saying steps must be taken to ensure the mortgage giants don't keep passing losses off to taxpayers. ``It looks like the Bush administration is going to intervene with a bailout that could end up costing taxpayers... [read full story]                    

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