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Jury Told Fannie, Freddie Profit Sweep Was 'Unprecedented'

By Katie Buehler (October 24, 2022, 8:09 PM EDT) -- A financial expert told a D.C. federal jury on Monday that the Federal Housing Finance Agency's decision to amend stock purchase agreements and allow the U.S. Treasury to sweep up Fannie Mae's and Freddie Mac's net worths was "totally unprecedented" and unnecessary....

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