Episode 132: Words & Numbers Listener Special #4
Words & Numbers
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The Federal Reserve and the Federal Reserve's Action in the Housing Crisis
At the height of the crisis, Fannie Mae and Freddie Mac owned 50%, five zero, one half of all the mortgages in the country. When you get a government that guarantees a loan and then backs that loan, you can bet that problems are going to come around. There should be people out there listening right now who say, hey, waita minute, that sounds real familiar because it is real familiar.
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