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NCUA Dilemma: What to Do with $23 Billion Worth of MBS

APR 17, 2009 1:07pm ET

ALEXANDRIA, Va. — As they work to revive U.S. Central FCU and WesCorp FCU, NCUA officials are struggling with a $23-billion question; what to do with the troubled mortgage-backed securities at the two corporate giants that continue to decline in value?

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