Generic historical overview of Fannie Mae and Freddie Mac with no new investigative leads

The passage merely summarizes the creation, function, and market performance of GSEs. It contains no specific names, transactions, dates of wrongdoing, or novel allegations linking powerful actors to Fannie Mae and Freddie Mac were created to provide liquidity to the mortgage market. Both became publicly traded in the late 1960s/early 1970s. They purchase mortgages and issue guaranteed RMBS.