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Then why did they need a quarter trillion dollar bail out?

https://en.wikipedia.org/wiki/Federal_takeover_of_Fannie_Mae...

This is a delicious ironic quote from a from 2007 article.

After Sept. 1, Freddie will no longer invest in subprime mortgages that have a "high likelihood" of payment shock and foreclosure, the company announced on Tuesday.

https://www.reuters.com/article/idUSN27376399/




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