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Fannie and Freddie to US: Hey, if things don’t work out can I have $100B?

Fannie and Freddie to US: Hey, if things don’t work out can I have $100B?

If the market collapses, Fannie Mae and Freddie Mac may be in a pretty big bind: They’ll need a nearly $100 billion bailout. According to a stress-test report by Federal Housing Finance Agency, the companies will need between $34.8 and $99.6 billion from the U.S. Treasury, depending on how assets are treated to offset taxes, Bloomberg reported. Under Dodd-Frank, major financial companies are required to undergo annual tests to see how they would fare in […]


Source: realdeal

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