Finance: Back from the bailouts

source: Financial Times

Five years after their rescue, Fannie and Freddie are posting robust profits of which investors want a share

US housing boom
Arizona dreaming: the US state was at the forefront of the housing crisis but Phoenix is now enjoying a boom

When Victor Vidales drives past the vacant homes that dot South Phoenix and Laveen, his concerns are now very different from two years ago. Instead of fearing irredeemable blight in the sprawling suburbs of the Arizona capital, he is wondering whose hands the houses are in and when they will put them on the market.


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