Loud & Clear

Trump Works for Wall Street, Pushes Housing Market Overhaul

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Synopsis

On today's episode of Loud & Clear, Brian Becker and John Kiriakou are joined by Dr. Jack Rasmus, a professor of economics at Saint Mary's College of California, author of “Central Bankers at the End of Their Ropes: Monetary Policy and the Coming Depression,” and at jackrasmus.com. The Trump Administration is unveiling a plan to alter the very structure of the housing market, drastically reducing the federal government’s role in housing, and slashing regulations established in response to the 2008 housing market crash that caused financial devastation for millions of people around the world. At its core, the plan would release Fannie Mae and Freddie Mac from government control. Hundreds of people are missing in the Bahamas and at least 30 are confirmed dead there as Hurricane Dorian moved north and now sits off the coast of North Carolina’s Outer Banks as a Category 1 storm. Experts at the National Oceanic and Atmospheric Administration say that stronger and more destructive storms will become more freque