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Fannie Mae, Freddie Mac's $5 trillion mess Economy
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score: 2, Economy, 2008-07-13 10:00:37, published by CNN
Fannie Mae and Freddie Mac own or guarantee $5 trillion worth of mortgages, nearly half of all the country's outstanding home loan debt. Now, both companies are teetering on financial ruin. How could the companies end up in such awful straits? Given the way they were created and run, a better questi... [additional details]