and author bethany mclean is fired up over it. she's here.efly crossing over 17,000 as well. a busy thursday. stick with us. so what's your news? i got a job! i'll be programming at ge. oh i got a job too, at zazzies. (friends gasp) the app where you put fruit hats on animals? i love that! guys, i'll be writing code that helps machines communicate. (interrupting) i just zazzied you. (phone vibrates) look at it! (friends giggle) i can do dogs, hamsters, guinea pigs... you name it. i'm going to transform the way the world works. (proudly) i programmed that hat. and i can do casaba melons. i'll be helping turbines power cities. i put a turbine on a cat. (friends ooh and ahh) i can make hospitals run more efficiently... this isn't a competition! was going to clean if an better than a manual? he said sure. but don't get just any one. get one inspired by dentists. with a round brush head. go pro with oral-b. oral-b's rounded brush head cups your teeth to break up plaque and rotates to sweep it away. and oral-b delivers a clinically proven superior

[laughter] host: thank you both your time >> >> host: we are here with bethany mclean to talk about her new book "shaky ground" thanks for being here. first this is something i spend a lot of time thinking about i know of any mae and freddie mac the start by telling us why you wrote the book and why fannie and freddie are seven important. >> started to cover fannie in 2004 with the wake of the big accounting scandal. at the time i was shocked to find out that companies like this existed. but in this case it was created in the wake of the depression to help make home ownership more widely available. to buy of the loans that the lenders have made so then they make more loans. said the idea was this would foster home ownership and this was the beginning of the annie mae with a unique system no other country has a 30 year fixed rate either in most credit that to the existence of a peony and freddie. they have grown to be absolutely eagerness to gather with older guarantee of mortgage related debt. critical to the functioning of the financial system that is what makes our lives possible they

so we've been talking with bethany mclean on the strange saga of the u.s. giants. it is a complicated topic that this is a good reading on the topic and thanks for the time. >> that was "after words," booktv program in which authors of the latest nonfiction books are interviewed. watch past programs on linux booktv.org. .. [inaudible conversations] with. >> welcome to austin, texas day number two of booktv live coverage of texas book festival held outside the state capitol in aust,

. >> host: we are here with bethany mclean to talk about her new book called shaky ground at the strange saga of the work which finance. thanks for being here. >> guest: thanks for >> guest: thanks for having me. >> host: this is something i spend a lot of time thinking about and i know why fannie mae and freddie mac which are the dissenters of the book are important companies. why don't you start by telling us a little bit about why you wrote the book and about why they are so important for the broad popular. >> i started covering it back in 2004 when i was still a fortune and in the way of the accounting scandal. at the time i think i was shocked to find out that companies like this existed. what is a government-sponsored enterprise? but a government-sponsored enterprise in this case 80s was created in the wake of depression to become more widely available and the idea was that if you have this institution that could buy up the loans that the lenders have made and that would that would free the lenders to make more loans because they wouldn't have to worry that their capital was all ti

again we been talking with bethany mclean, on shaky ground the strange saga of the u.s. mortgage giants. thank you for your time. >> thank you so much. >> that was afterwards booked to be signature program in which authors of the latest nonfiction books our interview. watch pass pass afterwards program online at book tv.org. >> book tv continues now with pulitzer prize winner journalist and friday night lights author buzz bissinger. he reports on panthers, the winningest high school for putting the texas history and how the sport overshadows the political and landscape of odessa, texas. >> good afternoon, my name is jim i am a host with book people. welcome to book people. we are pleased to be presenting author buzz bissinger, he is a journalist by trade his writing has appeared in the new york times, sports illustrated, vanity fair, and various others. his previous books include a prayer for the city, three nights in august, shooting stars, and father's day. is the recipient of the pulitzer prize and he is here today on the 25th anniversary of his book, friday night fri

at ten pm on book tvs afterwards, bethany mclean talks about the u.s. mortgage finance system. at 11 pm buzz a biz injured or talks about the impact of football on the social and political landscape in odessa, texas. that all happens next, but first up in big tv but first up in big tv a panel on education in america. >> good morning, the publisher of burlington court. five years into the common core we are at a critical juncture. common cores added all-time low -- it has dwindled from 26 states and from washington d.c. to seven states to washington dc. it is really no longer viable. in fact, the other national is not doing much better. it is true better. it is true to say there is little common purpose or competent ability left in common core. this volume that we are releasing this morning, drilling through the core is definitely a timely release. five years into this great american education today, it is worth remembering what we are debating. it is not politics, whether the debate of a contest between two distinct views. the first is that the common core standards are a state

at ten pm on book tvs afterwards, bethany mclean talks about the u.s. mortgage finance system. at 11 pm buzz a biz injured or talks about the impact of football on the social and political landscape in odessa, texas. that all happens next, but first up in big tv but first up in big tv a panel on education in america.