The Economist's Nightmare: No Bailout : Planet Money Scare yourself with this: Economists say a failed Fannie/Freddie it would have meant doomsday.
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The Economist's Nightmare: No Bailout

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The Economist's Nightmare: No Bailout

The Economist's Nightmare: No Bailout

Could it have been worse than this? Um, yes. MPI/Getty Images hide caption

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The Economist's Nightmare: No Bailout

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Adam Davidson sends this audio from a conference of former finance ministers at the University of Virginia. He asked them about the consequences of not bailing out Fannie Mae and Freddie Mac.

Let's just say you don't want to look. But you do need to listen (click above or download here).

Bonus: The All Things Considered segment