© The Financial Times Ltd 2016
FT and 'Financial Times' are trademarks of The Financial Times Ltd.
The Financial Times and its journalism are subject to a self-regulation regime under the FT Editorial Code of Practice.
November 13, 2013 12:40 pm
The US government has now controlled the country’s two main housing finance groups for over five years.
But since the bailout of Freddie Mac and Fannie Mae in 2008 – one week before the collapse of Lehman Brothers – the recovery has progressed more quickly than anticipated and the two housing companies are on track to return a profit to the government.
This has sparked a bitter dispute about who should benefit from the turnround. Here is how the recovery unfolded:
Copyright The Financial Times Limited 2017. You may share using our article tools. Please don't cut articles from FT.com and redistribute by email or post to the web.