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A ‘utility model’ for Fannie and Freddie - MSNIn short, Fannie and Freddie both juiced profits by “ chasing yield,” becoming what many commentators called the world’s largest hedge funds helped by what was, in effect, a government subsidy.
In short, Fannie and Freddie both juiced profits by “ chasing yield,” becoming what many commentators called the world’s largest hedge funds helped by what was, in effect, a government subsidy.
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