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Financial expert says Fannie and Freddie should go bankrupt
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07-15-2008, 04:15 PM
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Indy Coug
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Join Date: Jan 2006
Location: Between Iraq and a hard place
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The government pumping money into Fannie and Freddie is a PR move to show the government is backing their financial obligations, which was the underlying assumption all along when these mortgage securities were rated AAA.
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