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March 27, 2014

Treasury Wins Again: Fannie and Freddie Will Reap $9.3 Billion from BoA PLS Settlement

By Charles Wisniowski, Paul Muolo

As former Fannie Mae executive William Maloni put it: “More money for Uncle Sam!” The Treasury Department ultimately will benefit since it gets to “sweep” almost of Fannie’s and Freddie’s earnings.

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