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Feds Seize Fannie and Freddie, in Multibillion Dollar Bailout

Started by cordblomquist · 10 months ago

Over Sunday, the federal government took over the government-backed mortgage giants Fannie Mae and Freddie Mac, which were running out of money due to their massive investment in defaulting (and subprime) mortgage loans, and their unusually thin capitalization (Fannie ... Continue reading »

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