Officials announce takeover of mortgage giants WASHINGTON -- The Bush administration, acting to avert the potential for major financial turmoil, announced Sunday that the federal government was taking control of mortgage giants Fannie Mae and Freddie Mac.
Cockrel: Kilpatrick can stay longer in Manoogian DETROIT -- After a day of conflicting statements, City Council President Kenneth V. Cockrel is now willing to give more time for Mayor Kwame Kilpatrick to move out of the Manoogian Mansion once he resigns, a Cockrel aide said late Friday afternoon.