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The bailed out housing giants are an even bigger presence in the mortgage market, leaving taxpayers on the hook.
With the bailed-out housing agencies making billions in profit again, it is time to return them to private hands, the fund manager tells CNBC.
The fate of common shareholders who were wiped out during the 2008 bailout of the housing giants remains uncertain as politicians debate their future.
Shares of Fannie Mae and Freddie Mac kept falling on Thursday, after reversing course from a very strong rally on Wednesday.
The profitable mortgage giant will make a $59.4 billion dividend payment to the U.S. Treasury after a huge release of deferred tax assets.
KBW analyst Brian Gardner dismisses the recent rally in Fannie Mae and Freddie Mac shares as pure speculation.