Aug 22, 2008
Marketplace Money for Friday, August 22, 2008
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Segments From this episode
About 70% of New Orleans' pre-Hurricane Katrina population is back. Many have moved to higher ground, leaving one-third of residential addresses empty. Tess Vigeland talks with Tina Marquardt of the nonprofit Beacon of Hope about what's keeping people away.
Shares in Fannie Mae and Freddie Mac suffered yet another meltdown this week, and the government might step in to bail them out. If that happens, shareholders risk losing all their money. Even so, some of them are staying put. Rico Gagliano reports.
Chris Farrell looks at the opportunity to improve the lives of poor people in New Orleans that appears to have been lost. He says the mortgage crisis might have a silver lining for some: affordable housing.
Host Tess Vigeland explores the bureaucracy, decision-making, and financial hardships of homeowners rebuilding in the Crescent City. While some are determined to build at higher elevations, others are taking their chances at ground level.
So how do prepare your finances for an emergency? Tess Vigeland asked some of the folks she talked to in New Orleans what they learned and what advice they have for you.
Chris Farrell and Tess Vigeland give advice to someone dealing with a fiery homeowners association, and a couple investing in renewable energy.
Tess Vigeland reflects on her time in the Big Easy, her emotional connection to the people whose stories she heard, and her sadness over the devastation that still haunts the city.