Citigroup’s U.S. fixed income strategy group generated some scary headlines last week when it issued a report estimating that Fannie Mae and Freddie Mac face a combined potential loss on their non-agency subprime holdings of $4.7 billion, or about 6 percent of...
The creation of a U.S. sovereign wealth fund could grease the skids for an end to the conservatorships of Fannie Mae and Freddie Mac.
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