The Treasury Department seized control of mortgage and loan giants Fannie Mae and Freddie Mac, firing the companies' chief executives and promising to provide as much as $200 billion to prevent insolvency.New York TimesThe jobless rate rose from 5.7 percent to a five-year high of 6.1 percent, with more than 84,000 jobs lost in August,
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The Treasury Department seized control of mortgage and loan giants Fannie Mae and Freddie Mac, firing the companies' chief executives and promising to provide as much as $200 billion to prevent insolvency.New York TimesThe jobless rate rose from 5.7 percent to a five-year high of 6.1 percent, with more than 84,000 jobs lost in August,