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Long-time consumer advocate and perennial presidential candidate Ralph Nader predicts that bailed-out mortgage businesses Fannie Mae and Freddie Mac will survive legislative attempts to disband them.
That would be a good outcome in Nader’s view. He has become the improbable spokesman for a group that advocates for Fannie and Freddie shareholders and opposes a reform bill taking shape in the Senate — a diverse crew that also includes several hedge funds that would not typically be allied with Nader.
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