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GSE Reform: Fannie and Freddie to Help Pay Subprime Mortgage Bailout

MAY 20, 2008 6:59pm ET

WASHINGTON – The Senate Banking Committee endorsed a bill yesterday that will shift the burden of paying for the rescue of troubled subprime mortgages to Fannie Mae and Freddie Mac by dedicating as much as $500 million over the next year from an affordable housing fund to be paid by...

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