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As Fannie and Freddie Make Taxpayers Whole, Legal Troubles Loom for Feds

In a flurry of developments last week, Fannie Mae and Freddie Mac, on life support three years ago, are now officially cash cows for the US Treasury. But they are more than that: legal experts believe they may be ticking time bombs for the Federal government, which faces an explosive court challenge to its backroom handling of the bailouts.

via As Fannie and Freddie make taxpayers whole, legal troubles loom for Feds.

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