Bolstering Confidence in America's Finances

To the Point

Bolstering Confidence in America's Finances

Clean

Published on Jul 14, 2008, 11:00:00 AM
Total time: 00:51:00

Episode Description

Last week Freddie Mac and Fannie Mae lost almost half their stock value—a real blow to the two companies that hold almost half all US mortgages. Bankers, federal officials and members of Congress spent a busy weekend on a bailout that could mean billions in taxpayer money. Also, the President got what he wanted from the Democrats who run Congress including Barack Obama, who promised a filibuster but then voted "yes."

More about To the Point

A monthly reality-check on the issues Americans care about most. Host Warren Olney draws on his decades of experience to explore the people and issues shaping – and disrupting - our world. How did everything change so fast? Where are we headed? The conversations are informal, edgy and always informative. If Warren's asking, you want to know the answer.