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8/31/2020, Underreported: Hosted by Nicholas Lemann

Bethany McLean: The Strange Saga of the U.S. Mortgage Giants

Bethany McLean: The Strange Saga of the U.S. Mortgage Giants

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,… more