Mortgage-backed security
Plans to Reform Fannie Mae and Freddie Mac on the Horizon
Earlier this week President Obama announced his intent to drastically overhaul Fannie Mae and Freddie Mac. “We’ve got to turn the page on this kind of bubble and bust mentality that helped to create this mess in the first place,” he said in an address at Desert Vista High School in Phoenix, Arizona on Tuesday. […]
Did the Obama Administration Fumble the Economy?
Four months before President Obama was sworn into office, the investment bank Lehman Brothers declared bankruptcy, setting off a panic throughout the country and much of the world. Coming on the heels of the bank bailout and the subprime mortgage crisis, President Obama’s primary focus became the economy. One of the major questions facing his […]
Did the Obama Administration Fumble the Economy?
Four months before President Obama was sworn into office, the investment bank Lehman Brothers declared bankruptcy, setting off a panic throughout the country and much of the world. Coming on the heels of the bank bailout and the subprime mortgage crisis, President Obama’s primary focus became the economy. One of the major questions facing his […]
Where do the Candidates Stand with Florida Voters?
As one of the states hardest hit by the subprime mortgage crisis, many Floridians have endured either under-employment or long-term unemployment in addition to losing their homes. Anna Sale, reporter for It’s a Free Country, the politics website of our co-producer WNYC, talks with voters in Florida about how they feel about the candidates going […]
Justice Dept. Probes Standard & Poor’s on Mortgage Crisis
As we learned last week the decisions of one rating agency can cause a lot of economic volatility. But according to an exclusive piece from our partner The New York Times this morning, the Justice Department is opening an investigation into Standard & Poor’s to see if the agency improperly rated dozens of mortgage securities leading […]