Journal Article

The government-sponsored enterprises: past and future


Abstract: Fannie Mae and Freddie Mac's role in the housing bubble and financial crisis remains controversial. Did they precipitate or at least worsen the crisis? How do their benefits compare against their losses? Ronel Elul traces their evolution and actions and outlines reform proposals.

Keywords: Fannie Mae; Housing bubble; Freddie Mac;

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Bibliographic Information

Provider: Federal Reserve Bank of Philadelphia

Part of Series: Business Review

Publication Date: 2015

Issue: Q1

Pages: 11-20