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.
Monetary Policy
u* = √uv: The full-employment rate of unemployment in the United States
Commentary
The Fannie Mae and Freddie Mac Takeover
September 8, 2008