The Federal Bailout of Fannie Mae and Freddie Mac

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Treasury Secretary Henry Paulson said the federal takeover of Fannie Mae And Freddie Mac was necessary because their failure would "affect the ability of Americans to get home loans and other consumer credit and business finance. And a failure would be harmful to economic growth and job creation." Was the Paulson plan necessary? Will it work? And at what cost? Also, Governor Sarah Palin could not be more popular in Alaska, but how will she play in the lower 48?

 

Today's WWLA is an edited version of this morning's To the Point.
Credits

Host:
Lawrence O'Donnell

Producer:
Sonya Geis