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Uncle Sam Bails Out Fannie and Freddie

The reins of mortgage giants Fannie Mae and Freddie Mac are now firmly in the hands of the federal government. How will their transformation from government sponsored enterprises into government-controlled agencies impact the U.S. mortgage market? NBR's Stephanie Dhue has some of the answers to this question.



Discuss this story on XChange - The NBR Blog.

Related NBR Stories & Links

• 09-05-08: Fannie & Freddie May be on the Verge of Getting the Financial Aid They Need
• 08-18-08: Frets about Fannie Mae & Freddie Mac Spark a Stock Sell-Off
• 07-14-08: Freddie & Fannie Can't Fail
• 07-14-08: Richard Bove, Banking Analyst at Ladenburg Thalmann Examines Freddie Mac, Fannie Mae & IndyMac
• 03-19-08: OFHEO Gives Fannie Mae & Freddie Mac a Much Needed Boost

External Links/Articles*

• Bankrate.com
  Bankrate.com is an "aggregator of financial rate inforamtion." The site tracks mortgage rates in the U.S.
• Fannie Mae
  Fannie Mae was created by Congress to be a government-sponsored, "shareholder-owned company that works to make sure mortgage money is available for people in communities all across America." This links to the "Investor Relations" section of the enterprise's website.
• Federal Reserve
  The Federal Reserve is the central bank of the United States. This links to a September 7, 2008 release issued by the Fed titled, "Statement by Chairman Bernanke on Fannie Mae and Freddie Mac."
• Freddie Mac
  Freddie Mac was created by Congress to be a government-sponsored, shareholder-owned corporation working "to keep money flowing to mortgage lenders in support of homeownership and rental housing." This links to the "Investor Relations" section of the enterprise's website.
• RGE Monitor
  RGE Monitor is an economic analysis firm headed by Nouriel Roubini, a professor of economics at NYU's Stern School of Business. This links to a September 7, 2008 blog entry authored by Roubini titled, "Fannie and Freddie's Bust and Deeply Flawed Government Bailout."
• U.S. Department of the Treasury
  This links to a section of the Treasury Department website dedicated to news about the bailout of government sponsored enterprises Fannie Mae and Freddie Mac.

*Clicking these external links will take you off the NBR web site on PBS.org. NBR has no affiliation with these sites.