What’s up with Fannie Mae and Freddie Mac: interview with Bethany McLean

Industry expert talks about GSEs and the Great Recession
  • Bethany McLean wrote "Shaky Ground: The Strange Saga of the U.S. Mortgage Giants."
  • McLean says that poor underwriting and chasing the market were the catalysts for the failure of Fannie Mae and Freddie Mac during the Great Recession.
  • She says that bipartisan support of the government-sponsored enterprises led to the lack of oversight.

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Bethany McLean

Bethany McLean

The author of “Shaky Ground: The Strange Saga of the U.S. Mortgage Giants” sat down with Brad Inman to talk about the mortgage world, the Great Recession, what went wrong and what went right.