Eye on the Bailout

Enacted Jul. 30, 2008

$400 billion total available

$125.9 billion committed

Initiatives and Programs » Housing and Economic Recovery Act of 2008

Housing and Economic Recovery Act of 2008

Saving Fannie and Freddie

The Housing and Economic Recovery Act of 2008, passed in July 2008, was a broad bill that launched a foreclosure relief program, overhauled regulation of Fannie Mae and Freddie Mac, and provided for shoring up both Fannie and Freddie with taxpayer funds if they were in danger of running out of money.

Go here to see a breakdown of the bailout of Fannie and Freddie.

More info from thomas.loc.gov

Go to list of all initiatives and programs

For our blog, resources and more, see our main bailout page.

The following programs fall under this initiative:

Its piece of the $400B pie

Preferred Stock Investments
(Fannie and Freddie Bailout)

Promised: $125.9 billion

On Sep. 7, 2008, Fannie and Freddie were essentially nationalized: placed under the conservatorship of the Federal Housing Finance Agency. Under the terms of the rescue, the Treasury has invested... More info...


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