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Charles Grassley Questions Diversion of Fannie and Freddie Earnings

The New York Times, By Gretchen Morgenson

For almost two years, shareholders of Fannie Mae and Freddie Mac have been asking the United States government about its 2012 decision to divert all of the mortgage finance giants’ earnings to the Treasury rather than let them repay taxpayers under the original bailout agreement.

But the government has declined to disclose documents relating to that decision, contending that some may be subject to presidential privilege.

Read the full article: Charles Grassley Questions Diversion of Fannie and Freddie Earnings