Scene 5: Freddie and Fannie- What went wrong?

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In this podcast, I explain a little bit about how Freddie Mac and Fannie Mae, their role in the secondary mortgage market, why it exists, and why Freddie and Fannie had an unfair advantage over their counterparts in government and business.

In this podcast, I explain how Freddie Mac and Fannie Mae started taking on more risk, and how Wall Street’s sudden desire to get in on the mortgage market, may have encouraged Freddie and Fannie to get more into the risky mortgage market.

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