"Federal officials swooped in to rescue mortgage finance giants Fannie Mae and Freddie Mac in 2008 with the largest of all the financial crisis bailouts — a combined $187.5 billion — because they were considered too big to fail. "The government doesn't feel any rush to shut down" Fannie and Freddie, said Stuart Gabriel, director of UCLA's Ziman Center for Real Estate. "They are profitable today, and they do provide the vital function of providing liquidity to the marketplace."..."
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