Federal government Quote by Michael Lewis

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…

— Ben Bernanke

Fannie Mae and Freddie Mac buy mortgages from banks and other lenders, providing those financial institutions with capital to make new loans.

— Charles Duhigg

“When Steve Eisman stumbled into this new, rapidly growing industry of specialty finance, the mortgage bond was about to be put to a new…

— Michael Lewis

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…

— Alex Berenson

Freddie Mac and Fannie Mae, although they're not officially debt of the federal government, they are off-balance-sheet debt.

— John Thune

Congress created Fannie Mae in 1938 and Freddie Mac in 1970. For many years, these institutions prudently pursued their core mission of enhancing the…

— Jerome Powell

Fannie Mae is owned by shareholders but operates under a federal charter that exempts it from paying state or local taxes. As a result,…

— Alex Berenson

Fannie and Freddie are creations of government. They were given a huge leg up over their competitors.

— Nancy Pfotenhauer

These two entities Fannie Mae and Freddie Mac are not facing any kind of financial crisis. The more people exaggerate these problems, the more…

— Barney Frank

“And to whom were these bundles of unrecognizably mashed-up mortgages ultimately sold? Quite often, to you and me. Our pension funds, municipalities, and money-market…

— Douglas Rushkoff

One third of the $15 trillion of mortgages in existence in 2008 are owned, or securitized by Fannie Mae, Freddie Mac, Ginnie Mae, the…

— Walter E. Williams

These two entities—Fannie Mae and Freddie Mac—are not facing any kind of financial crisis,

— Barney Frank