Is homeownership still a part of the American Dream?
Can we trust that the secondary mortgage market won’t collapse again like it did in 2008?
Get answers to these questions by listening to this week’s episode of the Ilyce Glink Show. You can click the audio link below to listen to the full show, or download the podcast via iTunes.
This week, I’m dedicating the entire podcast to my interview with Bethany McLean. She’s just written a book called, “Shaky Ground: The Strange Saga of the U.S. Mortgage Giants,” and it’s about a tremendously important topic. She details the lead up to the government bailout of Fannie Mae and Freddie Mac, the two government-sponsored enterprises at the core of the secondary mortgage market. That event played a significant part in the unraveling of the housing market and the economy as a whole in 2008, and the same structural problems that existed then are still very much endemic in the system today.
Tune in for my conversation with Bethany as we discuss how Fannie Mae and Freddie Mac continue to impact the secondary mortgage market in the U.S.
More About This Show
Glinkonomics Report [1:00]
Shaky Ground: Bethany McLean Talks Fannie Mae and Freddie Mac [4:20]
With “Shaky Ground,” Bethany McLean has done some great reporting on the inner workings of the 2008 federal government bailout, as well as the ensuing seven years the two mortgage giants have spent in an ongoing and evolving conservatorship.
Homeownership is among the cornerstones of the American Dream, and the failure of the government-sponsored secondary mortgage market model has not yet been resolved. Bethany’s book provides a hard look at the questions we still face as we continue to recover from the bailout of Fannie Mae and Freddie Mac. This political hot potato will continue to impact the U.S. economy, as well as individual homeowners, for the foreseeable future. So listen in to get informed, and leave me your comments in the section below to share your opinions on how the secondary mortgage market should be structured.
If you have any questions about this show or in general, email me at [email protected].
Thanks for listening!