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Rep. Frank Questions Safety of Fannie Mae, Freddie Mac Investments

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FRANKLY, THAT'S A FLIP FLOP
"An influential voice on Capitol Hill has unexpectedly called into question the safety of investing in Fannie Mae and Freddie Mac, raising the specter that investors who have lent money to the two firms or bought their mortgage-backed securities could one day suffer losses," The Washington Post reports. "If investors believe that Fannie and Freddie carry some risk, they could demand a higher interest rate to lend them money or buy their mortgage-backed securities. This in turn could ripple across the entire U.S. housing market, prompting an increase in the mortgage rates that borrowers must pay."
SOURCE:   Washington Post

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