Reforming Housing, Fannie Mae, And Freddie MacStreaming Video - 2013
Were Fannie Mae and Freddie Mac mortgages responsible for bursting the housing bubble? When they were introduced, these products allowed more people to become homeowners, but ended up putting bankers in a scramble to back the loans while still pleasing their shareholders. In this program, Hazel Henderson and New Economy Network's Sarah Stranahan explain that it was private market speculation-not Fannie, Freddie, or the Community Reinvestment Act-that caused the 2007 subprime mortgage industry collapse. Both believe that the housing market can be revived by adopting policies pioneered during the New Deal, and making Fannie Mae and Freddie Mac public utilities.
Publisher: New York, N.Y. : Films Media Group, , c2012
Characteristics: 1 streaming video file (27 min.) :,sd., col
Alternative Title: Ethical markets