"What's to be done with Fannie Mae and Freddie Mac? Right now, a cottage industry of analysts, lobbyists, regulators, financiers and elected officials is hard at work formulating a future course for the mortgage finance giants, which have been under government conservatorship since September 2008. White papers are now spewing from think tanks and trade associations, and the Treasury is set to issue its recommendations early next month, to be followed by a round of congressional hearings."

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