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According to the Bank of America Corp the buyers of credit-default swap contracts that are part of the protection against Fannie Mae or Freddie Mac lesser debt may not get paid instantly if the mortgage-finance companies were to postpone interest payments as part of government payouts. A failure to make the coupon payments credit-default swap buyers to cash in on their protection, Freddie and Fannie subordinated bond indentures allow interest to be postponed for as long as five or until maturity.

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