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.
Economic Indicators
Inflation and the gap between economic performance and economic perceptions
Commentary
The Fannie Mae and Freddie Mac Takeover
September 8, 2008