Publisher
Federal Reserve System: Federal Reserve Bank of New York
Media Date
3-1-2015
Media Type
Document
Content Type
Report
Country/Region
United States
Source
Staff Report No. 719
Language
English
Crisis
Global Financial Crisis (2007-2009)
Case Series
The Rescue of Fannie Mae and Freddie Mac
Intervention
Capital Injection -Specific Firms; Emergency Liquidity-Specific Firm; Non-bank Restructuring
Additional Information
Staff Report including the following:- Describes and evaluates the measures taken by the U.S. government to rescue Fannie Mae and Freddie Mac in September 2008. - Outlines the business model of these two firms and their role in the U.S. housing finance system. - The sources of financial distress that the firms experienced and the events that ultimately led the government to take action. - Describes the various resolution options available to policymakers. - Evaluates the success of the choice of conservatorship and other actions taken.
Recommended Citation
Frame, W. Scott; Fuster, Andreas; Tracy, Joseph; and Vickery, James, "The Rescue of Fannie Mae and Freddie Mac" (2015). Documents. 1032.
https://elischolar.library.yale.edu/ypfs-documents/1032