Fun Fact of the Day, September 19, 2019

September 19, 2019

Fannie And Freddie – Treasury Secretary Hank Paulson announced on 9/07/08 (i.e., 11 years ago) the government’s plan to take control of mortgage giants Fannie Mae and Freddie Mac. Fannie and Freddie received $191 billion of taxpayer aid but have paid back $297 billion (source: Treasury Department).

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