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WEALTH OF NATIONS

When Fannie and Freddie Hit the Fan

Fannie and Freddie are part of a complex, spontaneously evolving, and partially disguised system of government support for homeownership.

by Clive Crook
Saturday, July 19, 2008


Even assuming Congress gives Treasury the powers it seeks, you can bet government will try to avoid bailing out Fannie Mae and Freddie Mac at taxpayers' expense.


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