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Michele is a full-time real estate professional, specializing in the Phoenix Northeast Valley. In her free time she loves to cook, play with her dogs, Willie & Remi and enjoy the AZ sunshine!

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Fannie Mae, Freddie Mac taken over..stocks soar

On Sunday the government announced it is taking over Fannie Mae and Freddie Mac in hopes of strengthening the housing and financial markets. Following this announcement, on Monday the Dow rose 290 points. To read the full stories, click on the following links:

http://www.washingtonpost.com/wp-dyn/content/story/2008/09/08/ST2008090801017.html?hpid=topnews 

and http://www.washingtonpost.com/wp-dyn/content/article/2008/09/07/AR2008090700259.html.

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