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4 Big Mortgage Backers Swim in Ocean of Debt
21 hours ago ago from The Cynical Economist
Did you believe the lairs who are saying we are in a recovery? From TNYT By MARY WILLIAMS WALSH Even as the biggest banks repay their government debt in what is being heralded as a successful rescue program, four troubled giants of the financial world remain on government life support. These companies, the American International Group , Fannie Mae , Freddie Mac and GMAC , are not only unable ...
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