Politics & Government

February 6, 2011

As debate begins, here are the facts on Fannie and Freddie

Fannie Mae and Freddie Mac right now either back or guarantee more than $5 trillion worth of U.S. mortgages. On Wednesday, Congress begins discussion of what to do with the two mortgage giants, which the Bush administration seized in September 2008 in an effort to quell global financial panic. Here's a guide to help you separate fact from fiction as that debate unfolds.

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