# Prof. Lawrence White on Fannie Mae and Freddie Mac

1 Faculty News May 9, 2012 ![Bloomberg logo](/sites/default/files/styles/246w/public/assets/images/bloomberg192x144.jpg?itok=yV529lwz)>

Excerpt from [Bloomberg](http://www.bloomberg.com/news/2012-05-09/fannie-mae-won-t-seek-aid-after-reporting-2-7-billion-profit.html) -- "[Lawrence White](http://w4.stern.nyu.edu/faculty/bio/lawrence-white), an economics professor at New York University’s Stern School of Business, said it may be a long time before the two companies, which are now essentially paying interest to Treasury, can significantly reduce their debt."

[Read more](http://www.bloomberg.com/news/2012-05-09/fannie-mae-won-t-seek-aid-after-reporting-2-7-billion-profit.html)

Additional coverage appeared in [Bloomberg Businessweek](http://www.businessweek.com/news/2012-05-09/fannie-mae-won-t-seek-aid-after-reporting-2-dot-7-billion-profit).