Lynn Swearingen (c) copyright 2010 ALL RIGHTS RESERVED

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Fannie and Freddie hold about $6 Trillion in mortgages and have been in conservatorship to the Federal Government for over 18 months. Of the pair  [Federal National Mortgage Association (Fannie) and the Federal Home Loan Mortgage Corporation (Freddie)], the “Big Sister” was doing a pretty good job until 1968 when the National Debt was rocketing out of control. More