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Good morning. I'm joined here by Jim Lockhart, Director of the new independent regulator, the Federal Housing Finance Agency, FHFA.

WASHINGTON: The US government yesterday seized control of mortgage finance companies Fannie Mae and Freddie Mac in an aggressive move to help the distressed US housing market and economy.

The US government took over ailing mortgage giants Fannie Mae and Freddie Mac on Sunday and placed them in a "conservatorship" in a bid to avert a financial system meltdown from the housing crisis.

In rescuing Fannie Mae and Freddie Mac, the US government is taking an unprecedented step into the financial sector in a bid to steady an ailing housing market and ease a global credit crunch, analysts said.

Alderman Sam Shropshire may face sanctions for failing to file his campaign finance reports on time. Mr. Shropshire, D-Ward 7, will appear before the Board of Supervisors of Elections on Tuesday to explain why he has yet to file a full finance report.

Today, the Federal Housing Finance Agency (FHFA), the regulator of Fannie Mae and Freddie Mac, determined that these housing mortgage companies cannot continue to operate safely and soundly, and fulfill their public mission -- posing an unacceptable risk to the broader financial system and our economy. FHFA announced that it will place the companies in conservatorship and appoint new leadership.

Q:I called Citizens Automo bile Finance on May 12, 2005, to get a payoff amount on my Jeep Cherokee. I sent in a check for the amount quoted - $8,824.

Alsalam Bank Sudan wins ''Best bank in Sudan'' award for 2008 by Global Finance magazine, the American publication, considered as one of the key publications in finance internationally.

CHI Hotels and Resorts' finance executives from all properties at the Corinthia Hotel in Prague which hosted the three-day event. CHI Hotels and Resorts has held its annual international financial controllers conference at the five-star Corinthia Hotel, Prague.

Al Salam Bank Sudan Wins Global Finance award