AdvertisementMorale Takes A Hit At Beleaguered Fannie, Freddie08:29Download AudioResumeJune 27, 2012Chris ArnoldfacebookEmailCreated by the federal government during the Great Depression, Fannie Mae became a Washington powerhouse: a highly profitable, private company, protected by the government and boasting huge lobbying clout. But today, Fannie Mae has essentially become a ward of the state. (AP)