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IPFS News Link • Economy - Economics USA

Former Fed Governor says "Fannie, Freddie Insolvent"

7-10-08 • Michael Shedlock / Mish

"Congress ought to recognize that these firms are insolvent, that it is allowing these firms to continue to exist as bastions of privilege, financed by the taxpayer," Poole, 71, who left the Fed in March, said in an interview.

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