Congress will start debating what to do with Fannie Mae and Freddie Mac this week. The two mortgage giants currently have been under government control for 30 months now, and there are several different ideas for what to do with them when they come out of receivership. Still, many Americans aren't quite sure what these corporations really are, so it is a good time for a primer. Paddy Hirsch takes us to the Marketplace Whiteboard to explain just who Fannie and Freddie (and Ginnie and Sallie) are:
Meet the Maes and Macs from Marketplace on Vimeo.
Posted
03-28-2011 9:07 AM
by
Graham Griffith
Filed under: Marketplace Whiteboard, mortgages, marketplace, housing, bailouts, paddy hirsch, Fannie Mae, Freddie Mac, ginnie mae, receivership, sallie mae