Rus News Journal

The American mortgage agencies Fannie Mae and Freddie Mac will pass under a state administration

US president George Bush has declared that the government decision   the countries about transfer of mortgage agencies Fannie Mae and Freddie Mac under a state direct control will be carried by a temporality and urged to return steady growth to the American economy.

the actions Undertaken today are time and will support habitation financing on immediate prospects - the press - service of the White house is told in Bush`s statement, extended.

In it the US president underlines that actions of the American administration will strengthen our ability to sustain correction (market) of habitation and crucial for returning to economy of stronger steady growth in the future .

Statement of these companies   On a strong financial basis and reforming their business - experts have crucial value for health of our financial system - Bush has declared.

RIA Novosti news agency