Tuesday, September 9, 2008

Who are Fannie Mae and Freddie Mac?





The US Federal Government decided to bail out Fannie Mae and Freddy Mac. Do some research on these two entities and post on your blog answers to the following questions:



  1. Why and when were they formed?

  2. What action did the US government take this past weekend?

  3. What is the goverment trying to prevent by backing these two organizations?



Remember: post your answer on your Blog.