Anniversary: Fannie and Freddie bailed out by taxpayers
On September 7, 2008, Fannie Mae and Freddie Mac were about to collapse. The federal government steeped in and made Fannie and Freddie Government Sponsored Enterprises, to be run by the Federal Housing Finance Agency. Two years later, tens of thousands of people are still unable to get the help they need to restructure mortgages to make it so they can pay them, including a DC cab driver who's American dream has turned into a nightmare.
On September 7, 2008, Fannie Mae and Freddie Mac were about to collapse. The federal government steeped in and made Fannie and Freddie Government Sponsored Enterprises, to be run by the Federal Housing Finance Agency. Two years later, tens of thousands of people are still unable to get the help they need to restructure mortgages to make it so they can pay them, including a DC cab driver who's American dream has turned into a nightmare.
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