Ears perked up in the wood-paneled Jefferson County commissioners' briefing room on Aug. 5 when the words "county investments" and "Fannie Mae and Freddie Mac" were used in the same sentence.
The man who spoke the words county investment officer Mark Hubbard was briefing the commissioners on the county's investment portfolio. Of the $288.9 million invested, $188 million is invested in the recently troubled Fannie Mae and Freddie Mac.
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