True or False question about the 2008 Financial Crisis GSE’s Fannie Mae and Freddie Mac were...

True or False question about the 2008 Financial Crisis

GSE’s Fannie Mae and Freddie Mac were placed in a receivership and sold off in pieces.

Is This true or false?

Solutions

Expert Solution

False.

GSE's Fannie Mae(Federal National Mortgage Association) and Freddie Mac(Federal Home Loan Mortgage Corporation) were placed in government conservatorship, following the 2008 financial crisis.Both the housing mortgage institutions had little role in the 2008 crisis.As the 2008 crisis was mainly caused by mortgages backed by Wall Street.

jeff jeffy answered 2 years ago

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