Fannie, Freddie, And You : Blog Of The Nation Fannie Mae and Freddie Mac were deemed too big to fail... who's going to pay for it, and what does it say about the US economy?
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Fannie, Freddie, And You

Fannie, Freddie, And You

Listen to this 'Talk of the Nation' topic

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  • <iframe src="https://www.npr.org/player/embed/94418983/94420608" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">

Wall Street got a bump yesterday, after news over the weekend that the federal government is taking over Fannie Mae and Freddie Mac, the giant US mortgage companies. Both of them were judged too big to fail... their folding would create such havoc in the US economy, many argued, that they must be propped up with government support (aka: taxpayer money). So, what does this move mean for you? And what questions does it raise about the US economy? Adam Davidson, our econonaut, is back to explain.