Fannie Mae is a government sponsored enterprise set up in the 1930’s by FDR. Freddie Mac and Freddie Mae have 13 trillion in loans in the housing market. As of 2008, Fannie Mae and the Federal Home Loan Mortgage Corporation (Freddie Mac) own or guarantee about half of the U.S.’s $12 trillion mortgage market.
The United States government can not let these two mortgage lenders fail!
I know that.
The United States government can not let these two mortgage lenders fail!
As shown in the past time and time again, government involvement in free enterprise and personal freedoms always leads to less of both.