88.5 WFDD: Day to Day

host Madeleine Brand

Hear NPR®'s Day to Day Monday-Friday at 1 pm on 88.5 WFDD.

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host Alex Chadwick

China Eyes Fannie Mae, Freddie Mac Bailout: The government takeover of Fannie Mae and Freddie Mac is making waves far off American shores. China is watching the events closely because some 10 percent of China's gross domestic product is invested with the troubled mortgage giants. NPR's Adam Davidson talks with host Jacki Lyden about China's stake in the U.S. mortgage industry.

Paulson: Action on Fannie, Freddie Was Necessary: The federal government today announced its plans for a takeover of the troubled mortgage finance companies Fannie Mae and Freddie Mac. While U.S. officials had hoped to avoid a bailout, the deterioration of the two companies could no longer be ignored.

U.S. Takes Over Troubled Mortgage Giants: U.S. mortgage giants Fannie Mae and Freddie Mac will be put into conservatorship and their top executives will be removed, Treasury Secretary Henry Paulson said. The intervention comes after the companies lost billions in the housing market turmoil, with no sign things are getting better.

Federal Mortgage Takeover Plan Prompts Questions: The U.S. Treasury Department has announced the government is taking over troubled mortgage giants Fannie Mae and Freddie Mac. As details of the plan emerge, the possible impact on the economy and individual borrowers remain in question.

U.S. To Take Over Mortgage Giants Fannie, Freddie: The Treasury Department is poised to announce it will takeover Fannie Mae and Freddie Mac, which together back roughly half of all outstanding U.S. mortgages. The government intervention comes after the companies lost billions in the housing market turmoil, with no sign things are getting better.

Effects Of The Fannie/Freddie Takeover: Host Liane Hansen speaks with Nariman Behravesh, Chief Economist at Global Insight. Behravesh says that without major action, chances of the housing crunch and credit crisis dragging on for another year are very high. But early action will probably save taxpayers in the long run, because the damage to the economy will be less.

Bill Failed To Boost Confidence In Fannie, Freddie: Jeffrey Birnbaum, a managing editor at The Washington Times talks about how Fannie Mae and Freddie Mac got to this point.

Government To Bail Out Mortgage Giants: The U.S. government is poised to take control of Fannie Mae and Freddie Mac, according to a number of reports published on Saturday. The reports, quoting unidentified officials, say the government will take the companies into conservatorship in an effort to shore up the battered housing and mortgage markets.

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