Making Sen$e with Paul Solman: Protecting Its Fannie: How Mortgage Giant Primed the Bubble, Covered Its Assets
Source: Council for Economic Education (EconEdLink) | Type: Interactive Tool - Making Sen$e with Solman
As part of his Making Sen$e series, Paul Solman reports on the new book, "Reckless Endangerment," which argues that for the past 20 years, Fannie Mae, a government-sponsored enterprise that increases money for home ownership, pursued profits for itself and bought risky loans that inflated a housing bubble that eventually burst.
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