--- title: "Meaning & Key Takeaway of: Although not well known outside Wall…" description: "\"Although not well known outside Wall Street, Freddie Mac and its corporate cousin, Fannie Mae, are two of the world's largest financial institutions an..." image: "https://sms4smile.com/quotes/i/3cf/alex-berenson-2775_although_although-not-well-known-outside-wall-str_1008539.png" --- # Although not well known outside Wall Street, Freddie Mac… ![“Although not well known outside Wall Street, Freddie Mac and its corporate cousin, Fannie Mae, are two of the world's largest financial institutions and play a crucial role in the housing market.” quote by Alex Berenson](https://sms4smile.com/quotes/i/3cf/alex-berenson-2775_although_although-not-well-known-outside-wall-str_1008539.png) [Download](https://sms4smile.com/quotes/i/3cf/alex-berenson-2775_although_although-not-well-known-outside-wall-str_1008539.png) [Open image](https://sms4smile.com/quotes/i/3cf/alex-berenson-2775_although_although-not-well-known-outside-wall-str_1008539.png) > “Although not well known outside Wall Street, Freddie Mac and its corporate cousin, Fannie Mae, are two of the world's largest financial institutions and play a crucial role in the housing market.” [Alex Berenson](https://sms4smile.com/quotes/author/alex-berenson/) ## About This Quote This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation. Freddie Mac and Fannie Mae are huge, but often overlooked, players in housing finance. **In simple terms:** Big housing lenders are often ignored. Key Takeaway Recognize their impact on housing markets. Themes finance housing policy institutions Mood informative cautious Type analytical educational When to use this quote - mortgage lending - housing policy - investment decisions - regulatory review Key Concepts systemic risk government sponsorship Questions to Reflect On - Do you understand their influence on mortgage rates? - What risks do they pose to the economy? A Different Perspective Their size can mask systemic vulnerabilities. ★ ★ ★ ★ ★ No ratings yet [Corporate](https://sms4smile.com/quotes/about/corporate/) [Customer](https://sms4smile.com/quotes/about/customer/) [Financial institutions](https://sms4smile.com/quotes/about/financial-institutions/) [Housing](https://sms4smile.com/quotes/about/housing/) [Housing market](https://sms4smile.com/quotes/about/housing-market/) [Institutions](https://sms4smile.com/quotes/about/institutions/) [Investing](https://sms4smile.com/quotes/about/investing/) [Market](https://sms4smile.com/quotes/about/market/) [Play](https://sms4smile.com/quotes/about/play/) [Street](https://sms4smile.com/quotes/about/street/) [Wall](https://sms4smile.com/quotes/about/wall/) [Wall St](https://sms4smile.com/quotes/about/wall-st/) [Wall street](https://sms4smile.com/quotes/about/wall-street/) [World](https://sms4smile.com/quotes/about/world/) ## Related quotes > [Well, Mark, I led the charge for five or six years to get reforms for Fannie Mae and Freddie Mac. I was chairman of…](https://sms4smile.com/quotes/j-c-watts/well-mark-i-led-the-charge-for-five-or-six-years-to-get-reforms-for/) [J. C. Watts](https://sms4smile.com/quotes/author/j-c-watts/) > [These two entities Fannie Mae and Freddie Mac are not facing any kind of financial crisis. The more people exaggerate these problems, the more…](https://sms4smile.com/quotes/barney-frank/these-two-entities-fannie-mae-and-freddie-mac-are-not-facing-any-kind/) [Barney Frank](https://sms4smile.com/quotes/author/barney-frank/) > [There is plenty of blame to go around for the U.S. housing bubble, but not much of it belongs to Fannie Mae and Freddie…](https://sms4smile.com/quotes/mark-zandi/there-is-plenty-of-blame-to-go-around-for-the-u-s-housing-bubble-but/) [Mark Zandi](https://sms4smile.com/quotes/author/mark-zandi/) > [We do not have a crisis at Freddie Mac, and particularly Fannie Mae, under the outstanding leadership of Frank Raines.](https://sms4smile.com/quotes/maxine-waters/we-do-not-have-a-crisis-at-freddie-mac-and-particularly-fannie-mae/) [Maxine Waters](https://sms4smile.com/quotes/author/maxine-waters/) > [Fannie Mae and Freddie Mac - two bloated and corrupt government-sponsored programs - contributed heavily to the crisis.In order to prevent another crisis, we…](https://sms4smile.com/quotes/carly-fiorina/fannie-mae-and-freddie-mac-two-bloated-and-corrupt-government/) [Carly Fiorina](https://sms4smile.com/quotes/author/carly-fiorina/) > [When you start to confuse Freddie Mac, Sallie Mae and Fannie Mae with members of your family, and you remember 2,000 stock symbols but…](https://sms4smile.com/quotes/peter-lynch/when-you-start-to-confuse-freddie-mac-sallie-mae-and-fannie-mae-with/) [Peter Lynch](https://sms4smile.com/quotes/author/peter-lynch/) > [“For that purpose, partly as the result of Ranieri’s persistent lobbying, two new facilities had sprung up in the federal government alongside Ginnie Mae.…](https://sms4smile.com/quotes/michael-lewis/for-that-purpose-partly-as-the-result-of-ranieri-s-persistent/) [Michael Lewis](https://sms4smile.com/quotes/author/michael-lewis/) > [Freddie Mac and Fannie Mae, although they're not officially debt of the federal government, they are off-balance-sheet debt.](https://sms4smile.com/quotes/john-thune/freddie-mac-and-fannie-mae-although-they-re-not-officially-debt-of/) [John Thune](https://sms4smile.com/quotes/author/john-thune/) > [These two entities—Fannie Mae and Freddie Mac—are not facing any kind of financial crisis,](https://sms4smile.com/quotes/barney-frank/these-two-entities-fannie-mae-and-freddie-mac-are-not-facing-any-kind-2/) [Barney Frank](https://sms4smile.com/quotes/author/barney-frank/) > [Congress created Fannie Mae in 1938 and Freddie Mac in 1970. 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Black](https://sms4smile.com/quotes/author/william-k-black/) > [No. It is not acceptable that the 6 largest financial institutions in this country have assets of almost 10 trillion dollars, and issue half…](https://sms4smile.com/quotes/bernie-sanders/no-it-is-not-acceptable-that-the-6-largest-financial-institutions-in/) [Bernie Sanders](https://sms4smile.com/quotes/author/bernie-sanders/) > [Accountability for the largest financial institutions on Wall Street is the bedrock for a strong economy. Hard-working families and honest businesses cannot survive in…](https://sms4smile.com/quotes/elizabeth-warren/accountability-for-the-largest-financial-institutions-on-wall-street/) [Elizabeth Warren](https://sms4smile.com/quotes/author/elizabeth-warren/) > [We've had a number of economists supporting our legislation. And here's where we are. The American people can judge. 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