Ruh-roh. The government has formulated a plan to put troubled mortgage giants Fannie Mae and Freddie Mac under federal control, dismiss their top executives, and use government funds to prop them up, government officials told the two companies yesterday, according to sources familiar with the conversations.17;s the thing. Republicans campaign on the evils of government regulation, then reap the benefits when the government has to step in to avert a complete meltdown. While touting the majesty ...

tags: fannie mae and freddie mac, ruh roh, fannie mae, nthe, moral hazard, government funds, freddie mac, top executives, government officials, conversations, giants, hell, mortgage