Dick Bove, chief financial strategist at Odeon Capital Group, in a recent report. The Great American Slum Building Project, laid out his case for why America needs Fannie Mae and Freddi Mac, two housing agencies in the mortgage lending market, free of government control. This government stranglehold has ultimately led to major challenges and problems in the proper functioning of these agencies in the housing market, according to Bove. (The US government took control of Fannie Mae and Freddi Mac and 100 percent of their profits in 2008, in the wake of the financial crisis. These agencies were set up to reduce risk to lenders in the housing market.)

This episode with Bove, Mat Van Alstyne and John Aidan Byrne will open with a look at the market and then have a lively debate on Bove's reports and studies on the challenges for US housing. It will also look across the globe from Ireland to Japan where housing is also a hot debate amidst shortages of affordable homes, rising rents and vulture funds swooping down on national economies.