Feds Rescue Two Major Mortgage Lenders
Amidst the collapse of IndyMac Bancorp, the U.S. treasury is taking major steps to rescue America's two largest mortgage finance companies, Fannie Mae and Freddie Mac.
For insight, Farai speaks with News & Notes economist Keith Reed, business reporter for The Cincinnati Enquirer, and columnist Kai Wright, author of The Nation article "The Subprime Swindle."
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