Bethany McLean: The Strange Saga Of The U.S. Mortgage Giants UNDERREPORTED With Nicholas Lemann podcast

Content provided by Columbia Global Reports. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Columbia Global Reports or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

UNDERREPORTED with Nicholas Lemann »
Bethany McLean: The Strange Saga of the U.S. Mortgage Giants

3+ y ago

MP3•Episode home

Archived series ("Inactive feed" status)

When? This feed was archived on July 19, 2022 14:38 (2y ago). Last successful fetch was on November 17, 2020 20:07 (3+ y ago)

Why? Inactive feed status. Our servers were unable to retrieve a valid podcast feed for a sustained period.

What now? You might be able to find a more up-to-date version using the search function. This series will no longer be checked for updates. If you believe this to be in error, please check if the publisher's feed link below is valid and contact support to request the feed be restored or if you have any other concerns about this.

In 2008, the U.S. Treasury put Fannie and Freddie into a life-support state known as “conservatorship” to prevent their failure—and worldwide economic chaos. The two companies, which were always controversial, have become a battleground. Today, Fannie and Freddie are profitable again but still in conservatorship. Their profits are being redirected toward reducing the federal deficit, which leaves them with no buffer should they suffer losses again. China and Japan are big owners of Fannie and Freddie securities, and they want to ensure the safety of their investments—which helps explain why the government is at an impasse about what to do. But the current state of limbo is unsustainable.

Bethany McLeans's Shaky Ground chronicles the story of Fannie and Freddie and tells us why homeownership finance is now one of the biggest unsolved issues in today's global economy—and why it must be placed on firmer ground.

http://globalreports.columbia.edu/wp-content/uploads/2020/08/prtonebeth.mp3

The post Bethany McLean: The Strange Saga of the U.S. Mortgage Giants appeared first on Columbia Global Reports.

10 episodes

#Columbia #Global #Books #Nonfiction #Nicholas #Lemann #Columbia Global Reports #News #Report #Journalism