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I know I have asked a similar question in the past But!
Looking at my Fidelity MMF and Dodge Cox Balance funds I can't help but notice that they contain Freddie and Fannie Bonds. I get the part about they are guaranteed by Freddie and Fannie but not really by the US government. Can someone explain how might my funds be affected by the recent drop in Freddie and Fannie share price? Or put another way I know the Freddie and Fannie shareholders will take it on the chin but what about the holders of the bonds themselves such as Fidelity?

Thanks
Pappy
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