In September 2008, the two largest housing mortgage...

In September 2008, the two largest housing mortgage companies called Fannie Mae and Freddie Mac, which were government-sponsored enterprises, which hold hundreds of billions of dollars of mortgages, because of the losses they took on the mortgages, they essentially became insolvent, and the government had to take them over.

Ben Bernanke Quote About Became, Billions, Companies, Dollars, Government: In September 2008 The Two...

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