One result of the financial meltdown of the late 2000s was that mortgage institutions ________ and ________ were brought under direct control of the government.

Question

Quizplus · Accepted Answer

Fannie Mae and Freddie Mac are mortgage institutions that were taken over by the government in 2008 during the financial crisis. This was done to stabilize the housing market and prevent further economic collapse. Glass Steagall and Sarbanes Oxley are regulatory laws, Goldman Sachs and Morgan Stanley are investment banks, and Lehman Brothers was a financial institution that collapsed during the crisis.

One Result of the Financial Meltdown of the Late 2000s