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On September 8, 2008 the Treasury nationalized both Fannie Mae and Freddie Mac. Combined, their assets are over $5 trillion. These firms serve in helping guaranteeing most of the mortgages in the U.S. The Treasury has replaced the management of both companies and will oversee their operations. By doing this, the government has acknowledged that the mortgage market and the institutions to make it operate in the U...
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On September 8, 2008 the Treasury nationalized both Fannie Mae and Freddie Mac. Combined, their assets are over $5 trillion. These firms serve in helping guaranteeing most of the mortgages in the U.S. The Treasury has replaced the management of both companies and will oversee their operations. By doing this, the government has acknowledged that the mortgage market and the institutions to make it operate in the U...
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General points of the essay
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