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IPFS News Link • Federal Reserve

Fannie, Freddie Commit to Waste $40 Billion a Month Taxpayer Money

10-11-08 • Michael Shedlock / Mish

Federal regulators directed Fannie Mae and Freddie Mac to start purchasing $40 billion a month of underperforming mortgage bonds as the Bush administration expands its options to buy troubled financial assets and resuscitate the U.S. economy

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