What event led to Fannie Mae being placed under government conservatorship?
Dot-com bubble
2008 financial crisis
Enron scandal
COVID-19 pandemic
Answer
In 2008, during the financial crisis, Fannie Mae and Freddie Mac faced severe financial difficulties due to their exposure to subprime mortgages. As a result, the U.S. government placed both organizations under conservatorship to stabilize the housing market and protect taxpayers.
The Fannie Mae Quiz: How Well Do You Know this Government-Backed Financial Services Company?
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