News for hackers. Stuff that matters.

A comment on What a Student Loan 'Bubble' Bursting Might Look Like. Parent comment

Re:What a Student Loan 'Bubble' Bursting Might Look Like by dragonwriter on Wednesday January 02, 2019 @06:05PM (#18811220)
> 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.

[ Parent | on HN ]
Re:What a Student Loan 'Bubble' Bursting Might Look Like by zeusk on Thursday January 03, 2019 @06:08AM (#18814291)
Fannie 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.

[ Parent | on HN ]
Re:What a Student Loan 'Bubble' Bursting Might Look Like by acover on Wednesday January 02, 2019 @09:59PM (#18812462)
You are right. There is an implicit government backing though with a line of credit from the US Treasury.
[ Parent | on HN ]