Government lacks exit strategy for Fannie, Freddie

02/9/2010 | Wall Street Journal, The

Fannie Mae and Freddie Mac were among the first financial institutions to receive federal aid to help them overcome the financial crisis. Officials are scrambling to overhaul financial regulation and ensure that financial institutions get back on their feet, but no blueprint has emerged for the future of Fannie and Freddie, and the government lacks an exit strategy for the mortgage giants.

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