Everyone in Washington D.C. is talking about the government takeover of Freddie Mac and Fannie Mae. They’re headquartered here in Northern Virginia. People who work there are anxious about a big management shakeup.
If you’re interested in some historical perspective on Freddie and Fannie, there is a podcast called My History Can Beat Up Your Politics. Its last episode talks about the origins and life of these companies. iTunes users can subscribe to it here.
Bruce Carlson of My History Can Beat Up Your Politics describes this podcast:
Not everything from the New Deal lasted. Some of the programs were abandoned in a couple of years, others lasted four or five, some until after World War II. Social Security remains. Fannie Mae, also known as the Federal National Mortgage Association, is a legacy of the New Deal. One that is now in trouble. A look at Fannie Mae, which for the first time since 1968 has come under Federal Government stewardship. And a quick contrast between the Bush Admin’s suprisingly muscular government actions and those of the New Deal.