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Download full textNorbert J. Michel – Cato Institute, 2024
In 2008, America's largest government-sponsored enterprises (GSEs)--the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac)--recorded combined net losses of $109 billion. This figure surpassed the GSEs' cumulative net income over the prior 40 years, and the federal government placed both…
Descriptors: Financial Support, Federal Government, Federal Aid, Federal Programs
