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The Goldman Sachs Group, Inc. Message Board

  • low_mac low_mac Mar 5, 2013 6:40 AM Flag

    Fannie, Freddie to Hand Securitization Business to New Firm

    Fannie Mae and Freddie Mac, which help finance about two-thirds of new U.S. homes loans, were seized by the government in 2008 as mortgage losses mounted. They have drawn nearly $190 billion from the U.S. Treasury to stay afloat.

    Here is some cost savings the government could cut to save the taxpayers a ton of money, just sell them off and get rid of them.

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