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I believe this does not include most of the mortgages. For example, Fannie Mae has 3.35 trillion in assets, which dwarfs total student loans. https://en.wikipe
by acover 8y ago
I believe this does not include most of the mortgages. For example, Fannie Mae has 3.35 trillion in assets, which dwarfs total student loans.
https://en.wikipedia.org/wiki/Fannie_Mae https://en.wikipedia.org/wiki/Fannie_Mae
- dragonwriter 8y ago> I believe this does not include most of the mortgages. For example, Fannie Mae has 3.35 trillion in assets, which dwarfs total student loans. Fannie Mae is a publicly-traded, privately-owned corporation, despite being federally chartered for a public mission. So, yes, their holdings are not counted in government holdings, because they aren't the government.
- acover 8y agoYou are right. There is an implicit government backing though with a line of credit from the US Treasury.
- zeusk 8y agoFannie Mae and Freddie Mac are currently under the authority of the Treasury, since the TARP program. Which is why, their stock is worth a lot less than even their own book value.
- heyjudy 8y agoIncluding SGE's is a gray area of what's "business" and what's "commercial."