It’s 2008 and a financial crisis is unfolding, Bear Stearns has already gone under, Lehman Brothers Holdings Inc Plan Trust (OTCMKTS:LEHMQ) isn’t far behind, and Federal Housing Finance Agency James Lockhart announces that Fannie Mae / Federal National Mortgage Association (OTCBB:FNMA) and Freddie Mac / Federal Home Loan Mortgage Corp (OTCBB:FMCC) are being put into conservatorship so that Treasury can backstop the two government-sponsored enterprises (GSE) as part of broader efforts...
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