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Text size [+][-]  Saturday November 7 2009GLOBAL EDITION

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23 Aug 2008 17:01

Accolades or egg?

By Dwight Cass

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Morgan Stanley is advising the US Treasury Department on how to reform Fannie May and Freddie Mac.

 
Goldman has sent a small army into government service and now Morgan Stanley is labouring to solve the US mortgage giants’ mess. Such public service may cast a flattering light. But if Fannie and Freddie truly come unhinged, bankers may wish they stayed home.

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