Jul 23rd, 2008 · Democratic Sen. Christopher Dodd has been shepherding a housing bill through the Senate. Dodd talks with Steve Inskeep, explaining why Fannie Mae and Freddie Mac are institutions that have gotten too big to fail.
Jul 23rd, 2008 · Congress is expected to vote this week on legislation that addresses the home foreclosure crisis and provides financial aid to Fannie Mae and Freddie Mac. The struggling firms are currently regulated by a division of the Department of Housing and Urban Development. The bill would establish a new, independent regulator.
Jul 22nd, 2008 · Treasury Secretary Henry Paulson pushed the government to act quickly on backing mortgage giants Fannie Mae and Freddie Mac this morning. He also said that there are a few more potholes in the economic road ahead. Alex Cohen talks with Phill Swagel, Assistant Secretary of the Treasury for Economic Policy, about the housing crisis and health of the overall economy.
Jul 22nd, 2008 · The Congressional Budget Office said Tuesday that a federal rescue of troubled mortgage giants Fannie Mae and Freddie Mac could cost taxpayers as much as $25 billion.
Jul 22nd, 2008 · This week, Congress votes on a bill that would help homeowners facing foreclosure. The measure may also include a Bush administration plan to help mortgage finance companies Fannie Mae and Freddie Mac. Deborah Amos talks to Allan Meltzer, an economist at Carnegie Mellon University, about how the proposed measure may or may not help homeowners. They also discuss what average Americans may face as the country continues to experience an economic slowdown.
Jul 20th, 2008 · The panicky mood sweeping Wall Street and Main Street a week ago has subsided somewhat. The Dow staged a strong comeback late in the week as it became apparent Fannie Mae and Freddie Mac aren't in immediate jeopardy, and that most banks remain financially sound.
Jul 18th, 2008 · The Bush administration has been pressing Congress to sign off on a rescue plan for the mortgage finance companies Fannie Mae and Freddie Mac. Some lawmakers are critical of the effort to prop up the two companies. Deborah Amos talks to Republican Sen. Richard Shelby, who is the ranking member of the Senate Banking Committee, about his thoughts on the plan.
Jul 18th, 2008 · New attention is being focused on mortgage giants Fannie Mae and Freddie Mac as the Bush administration presses Congress to act on a rescue package for the two institutions. Economic officials say Fannie Mae and Freddie Mac used to have plenty of capital reserves. But to stay afloat during a housing crisis, they need to raise more cash.