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Michael Gracie

Winners & Losers of the Fannie & Freddie Bailout

According to The Wall Street Journal the winners are homeowners, Hank Paulson, short-sellers, Bill Gross, and the Republican Party, and the losers are lobbyists, Congress, management, and value investors.

The short-sellers bit is indisputable, and I think the WSJ missed one loser, taxpayers.

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