House GOP'er: Government Needs To Restore Mortgage Investor Confidence

Chairman of the Financial Services Subcommittee on Capital Markets and Government-Sponsored Enterprises, Rep. Scott Garrett (R-N.J.), emphasizes the need for legislation he proposed last week. The “Private Mortgage Market Investment Act” would eliminate the government bailed out Fannie Mae and Freddie Mac in order to encourage private secondary mortgage investments. (0:17)

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Finance Expert Says Regulatory Reform Is Needed, But Opposes New Agency

Steve Bartlett, the president and CEO of the Financial Services Roundtable, says that regulatory reform is necessary and consumer protection is needed. However, he opposes the creation of a Consumer Financial Protection Agency. Bartlett recommends strong national consumer protection standards instead. (0:42)
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Do not make auto workers a "scapegoat"

Ron Gettelfinger, the President of the United Auto Workers (UAW), says that auto workers are doing what they can to fix the inherent problems in the auto industries. He did caution against blaming workers for all the problems associated with these companies. (1:29)
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Help needed on housing crisis, but only to a point

Rep. Spencer Bachus (R-Ala.) says that while high foreclosure rates do not help anyone, the government should not mandate bailing out all borrowers. (1:31)
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