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What happened to Fannie Mae and Freddie Mac during the financial crisis? A) They went bankrupt and ceased to exist B) They ran out of

What happened to Fannie Mae and Freddie Mac during the financial crisis?

A) They went bankrupt and ceased to exist

B) They ran out of money and merged with JP Morgan

C) They were placed into conservatorship by the Federal Housing Finance Agency

D) They were rescued by the Federal Reserve

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