What crisis? There's booming business at Fannie and Freddie
Fortune magazine places them high on the profit side with 2013 sales of $125.5 billion and $81.2 billion, with a total return of 1,080.4% and 1002,7%. Does anyone remember how the U.S. federal government stepped in to bail these housing giants with tens of billions of bailout dollars in the midst of the financial crisis? There was even talk about winding down Fannie and Freddie...but with government help the housing market has recovered along with the profits of these housing firms.