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Gov't Claims Fannie, Freddie Profit Sweep Was Crucial

By Katie Buehler ( August 10, 2023, 7:59 PM EDT) -- The U.S. Federal Housing Finance Agency told a Washington, D.C., federal jury Thursday its decision to amend stock purchase agreements stemming from the 2008 financial crisis, allowing the U.S. Treasury to sweep up Fannie Mae and Freddie Mac's net profits, was reasonable and crucial to ensuring the stability of the American economy....

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