Multiple choice general knowledge

Who aquired mortgage gaints,Fanny mae and Freddie Mac?

  1. US government

  2. Standard & Poor

  3. Ernst & Young

  4. Morgan Stanley
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A Correct answer
Explanation

During the 2008 financial crisis, the US government took control of mortgage giants Fannie Mae (Federal National Mortgage Association) and Freddie Mac (Federal Home Loan Mortgage Corporation) by placing them into conservatorship. This was a significant intervention to stabilize the housing market and prevent their collapse. The other options (S&P, Ernst & Young, Morgan Stanley) are financial entities but did not acquire these mortgage companies.

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