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Treasury Department: Fannie, Freddie Bailout Wasn’t A Loan

The Wall Street Journal, By Joe Light

At the beginning of the month, U.S. Senator Charles Grassley (R., Iowa) sent the U.S. Treasury Department a letter asking a simple question that has been on the lips of shareholders of Fannie Mae FNMA -0.70% and Freddie Mac FMCC -0.37% for years.

“According to news reports,” he wrote, “the initial loan provided to Fannie and Freddie by Treasury is paid off. Will Treasury’s arrangement with FHFA terminate? If so, when? If not, why not?”

Read the full article: Treasury Department: Fannie, Freddie Bailout Wasn’t A Loan