The economy, explained, with stories and surprises. Imagine you could call up a friend and say, "Meet me at the bar and tell me what's going on with the economy." Now imagine that's actually a fun evening. That's what we're going for at <em>Planet Money</em>. People seem to like it.
January 15th, 2011
Episode 340 of 952 episodes
The 30-year, fixed-rate mortgage -- the bedrock of American home ownership -- is a weird loan. In an ordinary market, you'd have to pay a really high interest rate to get a 30-year fixed, if you could get it at all. Only the intervention of the government -- and the creation of Fannie Mae -- turned the loan into America's plain-vanilla mortgage. On today's Planet Money, Bethany McLean and Joe Nocera (authors of All the Devils Are Here, a book on the financial crisis) walk us through the 30-year-fixed and the history of Fannie and Freddie. And they talk about where we go from here.
In a time where we're all threatened by a rhetoric of hate from the people in power; A Gay And A NonGay challenges many of our differences head on and promises that no matter who you are, or what you're into (Bruce Springsteen or Britney), love is love and gay and nongays can be friends. Contact us on Twitter @gaynongay