One Year Ago: The Fannie Mae And Freddie Mac Bailouts

Submitted by Steven Meyerowitz on Sun, 09/06/2009 - 7:28am

It is almost hard to believe, given all that has happened in the past 12 months, that exactly one year ago today the federal government bailed out mortgage finance giants Fannie Mae and Freddie Mac, to the tune of up to $200 billion (about half of which has been drawn down).

And that was only the beginning….

We’ll remind you of some of the other developments as the days and weeks of September move forward.

Oh, and one more thing: Madoff didn’t become a public name for months after Labor Day.

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