-
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.
0
Loading...
See all quotes by Ben Bernanke
Subjects in these quotes:
Similar authors
-
Ben Bernanke
American economist 65 -
John Kenneth Galbraith
American economist 48 -
Arthur Laffer
American economist and author 22 -
Alan Greenspan
American economist 21 -
Milton Friedman
American economist 14 -
Austan Goolsbee
American economist 11 -
Barry Eichengreen
American economist 10 -
Benjamin Cohen
American economist 8
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. by : Ben Bernanke