In exchange for the cash, Fannie and Freddie issued preferred stock to Treasury that was supposed to pay 10 percent dividend.
As with AIG, the government essentially bailed out the financial system by bailing out Fannie Mae and Freddie Mac.
Born in Montgomery County, Miss., Fannie Lou Hamer was the youngest of 20 children.
“The world needs to know about Fannie Lou Hamer, just like they know Dr. King and Rosa Parks,” says Bracey.
Fannie Mae and Freddie Mac, which buy almost every mortgage originated in the U.S., are still functioning.
"It's all right, Fannie," Aggie said hastily to the flustered maid.
She had slept, perhaps, a half-hour, when Fannie awakened her.
"I've good news for you, Fannie," said the General as he entered the dining-room.
Fannie—Why do people always apply the name of "she" to a city?
Rosemary stooped and felt carefully down about Fannie's feet.
