ProPublica on Marketplace
Yesterday, Marketplace aired a segment featuring our Eye on the Bailout.
You can listen to the piece here. It takes a look at one aspect of the Fannie Mae and Freddie Mac bailout that is often neglected: In addition to the nearly $60 billion that the Treasury Department has invested in the two companies, the Treasury has also bought $124 billion in mortgage-backed securities issued by Fannie and Freddie in an effort to drive down mortgage rates.
This article is part of an ongoing investigation:
As big banks return their TARP money, Fannie Mae and Freddie Mac continue to be a drain.
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