Veronique de Rugy is the George Gibbs Chair in Political Economy and a senior research fellow at the Mercatus Center at George Mason University.

The Federal National Mortgage Association (FNMA), commonly known as Fannie Mae, or Fannie, is a United States government-sponsored enterprise (GSE). It was founded in 1938 during the Great Depression as part of the New Deal,

Fannie Mae's privatization faces challenges like public duties, capital shortfall, and government ownership. Click here to read what investors need to know.

The movie “The Big Short” — dramatizing the reckless behavior in the banking and mortgage industries that contributed to the 2008 financial crisis — captures much of Wall Street’s misconduct but overlooks a central player in the collapse: the federal government,