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this is something that I spend a lot of time thinking about and I know why Fannie Mae and Freddie Mac which are the subjects of this book are in our important companies but why you start by telling us a little bit about you know why you wrote the book and why Fannie and Freddie are so important to kind of the broader populace okay so I started covering Fannie back in 2004 when I was still at fortune and in the wake of this big accounting scandal each company had had a big accounting scandal and at the time I think I was shocked to find out the companies like this existed I mean what is a government-sponsored enterprise and what a government inter sponsored enterprise in this case is Fannie was created back in the wake of the depression by Roosevelt in order to help make home ownership more widely available and the idea was that if you had this institution that could buy up the loans that banks lenders had made then that would free those lenders to go out and make more loans because the

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Freddie Mac 1107SF 2013 4.8 Satisfied (261 Votes)
Freddie Mac 1107SF 2012 4.5 Satisfied (110 Votes)

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