AUDIO PODCAST: NPR’s Fresh Air Tackles Subprime Loans With NYT Financial Columnist.

The NPR Fresh Air radio show with host Terry Gross on Wednesday October 10, 2007 took up the topic of subprime mortgages with Pulitzer Prize-winning business columnist Gretchen Morgenson, an assistant business and financial editor for The New York Times.

Listening Tips

• Starting at 8:00 into the show—A cogent explanation of why borrowers may have been steered away from FHA loans, into subprime products.

• Starting at 15:15 into the show—A dissection of Alan Greenspan’s previous assertions that the Federal Reserve had no ability to regulate predatory lending activities of mortgage lenders brokers because predatory lending activities were criminal in nature and should therefore be pursued by state attorney generals.

HERE is NPR’s link to the MP3 audio file with the entire one hour program.

And HERE’s a link to the NPR Fresh Air Podcast website.