5 . ▁▁ ▁De G enn aro , ▁Ram on . ▁" G overn ment ▁Sp ons ored ▁Ent ities : ▁F ann ie ▁Ma e ▁and ▁Fred die ▁Mac ." ▁Journal ▁of ▁Struct ured ▁Fin ance ▁ 1 4 , ▁no . ▁ 1 ▁( 2 0 0 7 ): ▁ 1 8 - 2 2 . ▁ ▁Di V enti , ▁Ther esa ▁R . ▁" F ann ie ▁Ma e ▁and ▁Fred die ▁Mac : ▁Past , ▁Pres ent , ▁and ▁Future ." ▁City s cape : ▁A ▁Journal ▁of ▁Policy ▁Development ▁and ▁Research ▁ 1 1 , ▁no . ▁ 3 ▁( 2 0 0 9 ): ▁ 2 3 1 - 2 4 2 . ▁ ▁D yn an , ▁Kar en , ▁and ▁Ted ▁G ayer . ▁" The ▁Government ’ s ▁Ro le ▁in ▁the ▁H ous ing ▁Fin ance ▁System : ▁Where ▁Do ▁We ▁Go ▁from ▁Here ?" ▁Washington , ▁DC : ▁Brook ings ▁Institution ▁Press , ▁ 2 0 1 1 . ▁ ▁E – H ▁ ▁Eisen be is , ▁Robert ▁A ., ▁W . ▁Scott ▁Frame , ▁and ▁Larry ▁D . ▁Wall . ▁" An ▁Analysis ▁of ▁the ▁System ic ▁Ris ks ▁P osed ▁by ▁F ann ie ▁Ma e ▁and ▁Fred die ▁Mac ▁and ▁an ▁E valu ation ▁of ▁the ▁Policy ▁Options ▁for ▁Red uc ing ▁those ▁Ris ks ." ▁Working ▁P aper ▁ 2 0 0 6 - 2 , ▁Federal ▁Reserve ▁Bank ▁of ▁Atlanta , ▁Atlanta , ▁G A