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Despite an approaching winter storm and big, fat snowflakes falling in Washington, the House Financial Services subcommittee on Capital Markets and Government Sponsored Enterprises went forward with plans to hear from mostly academic witnesses at a Wednesday morning hearing on how government policy at Fannie Mae and Freddie Mac failed homeowners and led to the financial crisis.

The House will wrap up its work week early due to the storm, which could bring up to a foot of snow to the nation’s capital, and conclude business at 1 p.m. Wednesday.

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