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Fannie, Freddie bill leaves status of private shareholders to courts
Reuters: A draft bill to wind down government-run mortgage financiers Fannie Mae (FNMA.OB) and Freddie Mac (FMCC.OB), released by two leading senators on Sunday, would leave a decision on how to treat their private shareholders to the courts.
The 442-page draft measure from the Democratic chairman of the Senate Banking Committee and the panel's top Republican would keep in place current terms of the government's bailout of the two companies that require them to sweep all their profits into the U.S. Treasury.
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