Include Fannie and Freddie In National Debt

Include Fannie and Freddie In National Debt

Alex Pollock & Edward Pinto, Law & Liberty Fannie and Freddie are part of the government and need to be included in its consolidated financial statements.

Fannie, Freddie, and the National Debt – Alex J. Pollock & Edward J. Pinto

Fannie Mae and Freddie Mac are huge, with $7.8 trillion in assets and $7.6 trillion in liabilities. They are an essential part of the finances of the US government. But we do not find them as part of the government’s consolidated financial statements. We should. This is due not only to their sheer size but also because of the giant taxpayer risk they represent, the government’s principal ownership of them, the total government control of their o…