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Home » FCIC Documents Fear Prompting Conservatorships
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FCIC Documents Fear Prompting Conservatorships

May 12, 2010
The Financial Crisis Inquiry Commission last week released documents showing the growing fear government officials felt that led to the federal takeover of Fannie Mae and Freddie Mac in 2008. For instance, back in February 2008, Federal Reserve Bank of New York officials informed personnel at the Treasury Department of their worry that, after Fannie and Freddie reported worse-than...
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