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Fannie Mae and Freddie Mac

With Americans losing their homes as a result of the sub-prime mortgage crisis, there's been a federal bail out of two leading companies in the home loans business, Fannie Mae and Freddie Mac. Why did they have to be rescued and why does this matter for the world?

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8 minutes

Βι¶ΉΤΌΕΔ World Service Archive

This programme was restored as part of the World Service archive project