Here's What Annaly Capital Could Do With the $2.3 Billion It Just Raised
One of the most vexing challenges for the U.S. government since the 2008-09 Great Recession has been to rebuild the mortgage finance system. During the crisis, Fannie Mae and Freddie Mac were rescued by the government, which took a 79% stake in the companies. Since then, almost all of the mortgages originated in the U.S. have been backed by the U.S. taxpayer.