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Language
English
Description
Were Fannie Mae and Freddie Mac mortgages responsible for bursting the housing bubble? When they were introduced, these products allowed more people to become homeowners, but ended up putting bankers in a scramble to back the loans while still pleasing their shareholders. In this program, Hazel Henderson and New Economy Network's Sarah Stranahan explain that it was private market speculation-not Fannie, Freddie, or the Community Reinvestment Act-that...