Economix: Answering Questions on the Mortgage Crisis

4:04 p.m. | Updated
Gretchen Morgenson, the Fair Game columnist for Sunday Business, answered questions posed online today about her new book on the mortgage crisis, “Reckless Endangerment,” written with Joshua Rosner. The session was held on Quora, a site devoted to curating knowledge collaboratively by compiling questions and answers. It is the second of three weekly question-and-answer sessions on Quora featuring Times reporters.

Here are a few of the questions that she answered:

What did “too big to fail” mean, in the context of Freddie Mac and Fannie Mae? In the aftermath of the 2008 housing crisis, have we solved that problem now with new rules or systems?

Is the Dodd-Frank Act a good law? What impact will it have on the economy?

How much did we pay to bail out Freddie Mac and Fannie Mae? Are taxpayers getting that money back?

You can also read answers from last week’s session with Diana B. Henriques, a Times reporter and author of “The Wizard of Lies: Bernie Madoff and the Death of Trust.”

Article source: http://feeds.nytimes.com/click.phdo?i=b9641f981c342fa3005cb1052661cc09