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The combination of private and public ownership makes Fannie Mae and Freddie Mac hybrids, and that, says commentator Amity Shlaes, is a big part of the problem. It might be heresy to some, but she thinks nationalizing them is the answer.
The Treasury and the Fed are helping out Fannie Mae and Freddie Mac with another line of credit, access to special loans and maybe even buying their stock. Financial analyst Karen Shaw Petrou talks with Host Kai Ryssdal about what still needs to be done.