Why did some criticize the lobbyist-backed Fannie Mae and Freddie Mac bailouts?
A)The bailout prevented each from keeping profits private.
B)The bailout allowed only Fannie Mae to keep profits private but pass on the risk to taxpayers.
C)The bailout allowed each to keep profits private but pass on the risk to taxpayers.
D)The bailout prevented each from keeping profits private, but some risk was still passed on to taxpayers.

Question

Quizplus · Accepted Answer

Critics argued that the bailout allowed Fannie Mae and Freddie Mac to keep their profits private while passing on the risk to taxpayers. Essentially, the companies were able to reap the rewards of their risky investments while taxpayers were left to foot the bill for their losses.

Why Did Some Criticize the Lobbyist-Backed Fannie Mae and Freddie