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A Discussion About the Acquisition of Fanny Mae and Freddie Mac

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I discussed the Bush administration's takeover of Fannie Mae and Freddie Mac with four people knowledgeable about the matter's significance: Nouriel Roubini, New York University professor of economics; Mohamed El-Erian, CEO of PIMCO; Gretchen Morgenson and Floyd Norris, both with the New York Times. Here's some of what they had to say.