2009-02-20 — housingwire.com
" Since twin housing finance giants Fannie Mae (FNM: 0.505 -2.88%) and Freddie Mac (FRE: 0.5071 -9.45%) were placed under conservatorship last year, Federal Housing Finance Agency director James Lockhart has famously (infamously?) intoned that both GSEs now carry an “effective†guarantee on both their debt and mortgage securities."
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