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Home » Store » Taxable » FEC Cites Violations at Fannie and Freddie

FEC Cites Violations at Fannie and Freddie

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Fannie Mae and Freddie Mac, considered two of the most politically adept firms in the country, were wiping some egg off their faces last week after federal officials determined they both had mishandled some of their political donations. According to the Federal Election Commission, both Fannie and Freddie did not sufficiently designate that the funds they had given to political groups were intended for “building funds” that the organizations had set up. Under a
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