Freddie, Fannie Not Likely To Be Nationalized: Experts

Law360, New York (July 11, 2008, 12:00 AM EDT) -- It has long been assumed that the U.S. government would step in to bail out Fannie Mae and Freddie Mac rather than have them file for bankruptcy, but exactly what steps it would take remain to be seen.

The unlikeliest scenario, experts said, would be if the government did nothing and let the mortgage giants crash.

“There's zero chance they're going under because the entire housing market will collapse,” said David Sands, a partner at Sheppard Mullin Richter & Hampton LLP. “The issue simply is: If...
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