"They are highly leveraged and the benefits they provide to the consumer are minimal."

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"They are highly leveraged and the benefits they provide to the consumer are minimal."

-- Michael Materasso, executive v.p and head of global fixed income at Fiduciary Trust International, on Fannie Mae and Freddie Mac.

"They are highly leveraged and the benefits they provide to the consumer are minimal." -- Michael Materasso, executive v.p and head of global fixed income at Fiduciary Trust International, on Fannie Mae and Freddie Mac.

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