Episode 231: How did Fannie Mae and Freddie Mac end up in conservatorship?

This episode focuses on the history of Fannie Mae and Freddie Mac. How did these organizations start and evolve over the years? What scandals were they involved in before the financial crisis? What was their role during the financial crisis of 2007-2009? What are the arguments for and against privatization? Finally, what is happening now?  

Link: Fannie Mae and Freddie Mac: An Overview (investopedia.com)