Before you judge Dodd-Frank...

Before you judge Dodd-Frank...

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Bernanke calls agency bonds guarantee 'important' to stability

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Federal Reserve Chairman Ben Bernanke said the US government needs to maintain its guarantee on mortgage-backed bonds issued by Fannie Mae and Freddie Mac to preserve financial stability. "It is very important for financial stability and confidence that we make good that guarantee," Bernanke said in response to a question from Representative Scott Garrett, a New Jersey Republican.

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