Just for historical point of reference, Fannie & Freddie were not exactly the US government. They were Government-sponsored enterprises (GSEs) - publicly traded corporations.
Fannie & Freddie were not placed into federal conservatorship until September, 2008, long after damage was done and the meltdown had begun, as part of a larger effort to halt the nation's imminent slide into a Great Depression.
I am not defending either of them, just pointing out that these entities are not exactly like the US Postal Service.
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Fannie & Freddie were not placed into federal conservatorship until September, 2008, long after damage was done and the meltdown had begun, as part of a larger effort to halt the nation's imminent slide into a Great Depression.
I am not defending either of them, just pointing out that these entities are not exactly like the US Postal Service.
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