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Fannie, Freddie need explicit government guarantee, securities industry group says

Andrea Riquier
Fannie, Freddie need explicit government guarantee, securities industry group says

A securities industry group has put the government on alert that any effort to release Fannie Mae and Freddie Mac from conservatorship must have a spelled-out government guarantee, arguing that an implied backstop won’t be enough, as it was in 2008, and will cause investors to flee the market for mortgage-backed securities.