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Barney Frank: Fannie, Freddie Are ‘Public Policy Instruments Of The Government’

In an appearance on CNBC this morning, House Financial Services Committee Chairman Barney Frank (D-Mass.) made an unusual claim about the mortgage giants Fannie Mae and Freddie Mac. The two mortgage lenders are essentially a “public policy instrument of the government,” Frank said.

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3d rendering of a row of luxury townhouses along a street

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