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Resource ID: #20035
Subject: Business
Source: Wall Street Journal (New York)
Affiliation: 
Date: 14-May

Description

The Journal reports that "Fannie Mae has clout to counter the agencies that seek to privatize it," a clout that "stems from money, votes and connections ... Like many corporations, Fannie Mae has a political action committee to channel funds to friendly lawmakers. And whenever the status quo seems under fire, it rallies support from friendly groups with influence in every congressional district, such as realtors, mortgage lenders and homebuilders."

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