Nine Years After the Crisis, Fannie and Freddie Remain Unfixed

This month marks the ninth anniversary of the start of the Great Recession. And today, the U.S. economy still remains susceptible to a pair of major drivers behind that crisis: Fannie Mae and Freddie Mac.

As the crisis exhibited all too clearly, the government-sponsored enterprise duopoly system creates systemic risk for everyone, most notably to taxpayers, who have paid outtrillions in bailouts. Congress must act to reform these two giant government-sponsored enterprises in order to prevent future taxpayer-funded bailouts and protect the savings of American families.

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