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Monday, February 20, 2012

Why LB Needs to Review Investments

 About a month or so ago I asked the City Manager to provide a report on the City's investments to determine what if any can be done about the fact that the city invests millions with Freddie Mac and Fannie Mae -- the two largest holders of mortgages. In light of the ongoing investigations into the two agencies, the City Council needs to be given the full extent of our investments and whether or not they remain prudent.

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