18 years ago, US govt took over finance giants Fannie Mae, Freddie Mac: Why it mattered in 2008 crisis
- Posted on September 7, 2026
- By The Times of India
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- 1 min read
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18 years ago, US govt took over finance giants Fannie Mae, Freddie Mac: Why it mattered in 2008 crisis
Eighteen years ago on September 7, 2008, the US government made a public announcement about a sweeping intervention to rescue Fannie Mae and Freddie Mac, two mortgage-finance giants whose troubles had become a threat to the country's housing market and wider financial system.
