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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.
Ben Bernanke
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"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."
— Ben Bernanke #politicsgovernment

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In September 2008, the two largest housing mortgage companies called Fannie Mae and Freddie Ma…

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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. — Ben Bernanke

About Ben Bernanke

Ben Bernanke was a Public Servant from United States (1953–present).

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Frequently Asked Questions

Who said "In September 2008, the two largest housing mortgage companies called Fannie Mae…"?
This quote is attributed to Ben Bernanke, a Public Servant from United States.
When did Ben Bernanke live?
Ben Bernanke lived from 1953 – present.
What is this quote about?
This quote touches on Politics & Government. Browse more quotes on these themes from the categories page.