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Tim Carney: Bank of America CEO wants slow unwind of Fannie & Freddie

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Bank of America CEO and Barney Frank donor Brian Moynihan said last Friday that eventually the financial industry should bear its own risk on mortgages — but not until the 2020s or 2030s. Fannie Mae and Freddie Mac spent decades propping up the mortgage industry by buying mortgages from banks. All along, Democratic politicians — particularly top Financial Services Committee...