Against All Odds: The Long Bet on Fannie Mae and Freddie Mac
Investors of all sizes and types are investing in Fannie Mae and Freddie Mac, hoping the pair will be privatized. Signs suggest otherwise.
Robert Stowe England
December 17, 2025
The logo of Fannie Mae stands outside company headquarters in Washington, D.C., U.S., on Monday, March 14, 2011. Fannie Mae and McLean, Virginia-based Freddie Mac were seized and placed under U.S. control in 2008 as losses on soured loans pushed them to the brink of insolvency. The two government-sponsored enterprises have been sustained by more than $150 billion in U.S. aid. Photographer: Andrew Harrer/Bloomberg
Andrew Harrer/Bloomberg
