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Investments / The Ticker

US Senators roll out plan to replace Fannie, Freddie

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A group of U.S. Senators from both sides of the aisle plan to roll out a bill Tuesday, outlining a strategy to replace Fannie Mae and Freddie Mac with a new government reinsurer, Bloomberg reports.  

The bill proposed by Sens. Bob Corker, R-Tenn., and Mark Warner, D-Va., will be introduced at a news conference this afternoon.

Source: Bloomberg
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