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TheStreet Picks
No Hope for Fannie, Freddie Shareholders
By Debra Borchardt
10/30/08 - 04:52 PM EDT
Fannie Mae and Freddie Mac shareholders were wiped out when the federal government placed them into conservatorship last month and eliminated their dividend. Yet profits from the company are being skimmed to fund homeownership programs that some see as redundant.
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