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Bananas capitalism

12 June 2013 By Antony Currie

Some are suing the U.S. for $41 bln, claiming the two firms’ 2008 bailout gave investors a bum deal. That’s nuts. Fannie and Freddie were failing, racking up $150 bln in losses that could have bankrupted them and left shareholders with zilch. It’s time investors accepted that.

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