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Bank alumnus reportedly crafted bank-friendly Fannie Mae bill

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Congress is trying to figure out what to do with Fannie Mae and Freddie Mac -- the government-sponsored enterprises that helped pump up the housing bubble and then collapsed in 2008, requiring a government bailout. The approach generally favored by the banks is replacing them with another taxpayer-backed mortgage-finance entity. Sens. Bob Corker, Mark Warner, Tim Johnson, and Mike Crapo are...

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