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U.S. Government Seizes Major Mortgage Lenders

It's Uncle Sam to the rescue. The federal government has seized the reins of mortgage giants Freddy Mac and Fannie Mae. Together, the companies hold nearly half of the country's mortgages.

But what's the long-term fallout for your mortgage? For more on that and the latest economic news, Farai Chideya speaks with Keith Reed, business reporter for the Cincinnati Enquirer and blogger for BET's finance page.

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