| Personal Finance: |
| US Government takes over mortgage giants
(AP)
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 AP - The Bush administration's seizure of troubled mortgage giants Fannie Mae and Freddie Mac is potentially a $200 billion bet that it will help reverse a prolonged housing and credit crisis.
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| WaMu ousts CEO Killinger: report
(Reuters)
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 Reuters - Washington Mutual Inc has
ousted Kerry Killinger as its chief executive, and will replace
him with Alan Fishman, who is now chairman of mortgage broker
Meridian Capital Group, the Wall Street Journal reported on its
website on Sunday.
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| Oil surges $2 to near $109 on hurricane threat
(Reuters)
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 Reuters - Oil jumped than $2 to near $109 a barrel
on Monday, rebounding from a five-month low on worries that
Hurricane Ike would tear through the Gulf of Mexico, and on
hopes that a U.S. bailout of its top mortgage lenders would
help temper an economic downturn.
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| U.S. seizes Fannie, Freddie, aims to calm markets
(Reuters)
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 Reuters - The U.S. government on Sunday seized
control of mortgage finance companies Fannie Mae and
Freddie Mac , launching what could be its biggest
bailout ever in a bid to support the U.S. housing market and
ward off more global financial market turbulence.
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| With rescue plan, US takes giant step into housing, finance
(AFP)
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 AFP - 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.
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