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When did the implicit guarantee of Fannie and Freddie become explicit? 1. When they were merged following the crisis 2. Shortly after they were formed

When did the implicit guarantee of Fannie and Freddie become explicit?

1. When they were merged following the crisis

2. Shortly after they were formed

3. When they changed from a state charter to a federal charter

4. When they were placed in conservatorship during the financial crisis

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