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Legal Commentary

: The Volokh Conspiracy

Question re Fannie/Freddie:

By David Bernstein

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As I understand it, the common and preferred shareholders are basically being wiped out, but the government is backing Fannie and Freddie's existing debt, the value of which therefore rose. So...

Full post as published by The Volokh Conspiracy on September 09, 2008 (boomark / email).

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