In September 2008, the two largest housing mortgage companies called Fannie Mae and Freddie Mac, which were government-sponsored enterprises, which hold hundreds of billions of dollars of mortgages, because of the losses they took on the mortgages, they essentially became insolvent, and the government had to take them over.

Ben Bernanke

Ben Bernanke

Became Because Billions Companies Dollars Enterprises Essentially Government Had Hold Housing Largest Losses Mac Mortgage Mortgages Over September Take Them Took Two Were Which

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