... exactly what happened Various ideas have been floated by academics and politicians to either merge them into one or eventually fix them and sell them to the private sector Given the depth of the ... $700 BILLION BAILOUT ffirs.indd i 11/7/08 8:52:59 PM ffirs.indd ii 11/7/08 8:53:01 PM $700 BILLION BAILOUT The Emergency Economic Stabilization Act and What It Means to You, Your Money, Your ... and loans, banks, nondepository mortgage companies, credit unions, and the like Once these lenders sell their loans to Fannie and Freddie, they receive cash and can use that money to go out and...