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Fannie, Freddie Making Billions—Why Shut Them Down?

On a Monday morning five years ago this week, thousands of employees at mortgage giants Fannie Mae and Freddie Mac went to work to find a new boss: The federal government. Crushed under the weight of thousands of defaulted mortgages and bleeding cash, Fannie Mae and Freddie Mac were put into government conservatorship.

via Fannie, Freddie making billions—why shut them down?.

 

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