Reforming Housing, Fannie Mae, and Freddie Mac
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 caused the 2007 subprime mortgage industry collapse. Both believe that the housing market can be revived by adopting policies pioneered during the New Deal, and making Fannie Mae and Freddie Mac public utilities.
Runtime
27 min
Series
Subjects
- Social structure (572)
- Business enterprises (436)
- Macroeconomics (317)
- Ethics (196)
- Business ethics (382)
- Work and family (89)
- Investments (684)
- Social psychology (195)
- Housing (84)
- Patients (117)
Contributor
Genre
Date of Publication
[2013], c2012
Database
Films on Demand
Direct Link
https://www.remote.uwosh.edu/login?url=https://fod.infobase.com/PortalPlaylists.aspx?wID=102638&xtid=52409
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