The Treasury Department’s decision to place Fannie Mae and Freddie Mac in a conservatorship could signal a turning point in the credit crisis that has troubled investment banks for nearly a year. Brookings fellow and former OMB Deputy Director Alice Rivlin examines the impact and the importance of the action.
Federal Fiscal Policy
The Congressional Budget Act of 1974: The next 50 years
Commentary
The Fannie Mae and Freddie Mac Takeover
September 8, 2008