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Fannie Mae, Freddie Mac may be too profitable to shut down
Los Angeles Times: WASHINGTON — Federal officials swooped in to rescue mortgage finance giants Fannie Mae and Freddie Mac in 2008 with the largest of all the financial crisis bailouts — a combined $187.5 billion — because they were considered too big to fail.
Now, despite bipartisan support to shut them down, Fannie and Freddie may prove to be too profitable to close.
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