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A vacant house seen in Moreno Valley, California ...
AFP
Sun Sep 7, 11:12 PM
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A vacant house seen in Moreno Valley, California in late August. The US government has taken over ailing mortgage giants Fannie Mae and Freddie Mac, placing them in a 'conservatorship' in a bid to avert a financial system meltdown from the housing crisis.

Photo:David Mcnew/AFP

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