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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Congress Should Change How Fannie And Freddie Operate, Lawmaker Says

Paul Kanjorski (D-PA) says the Committee has tried to improve regulations of Fannie Mae and Freddie Mac for years but partisan politics have stood in the way. (0:25)

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Four Largest Banks Already Incurred $9.8 Billion In Losses, Says Lawmaker

Rep. Paul Kanjorski (D-Pa.) says the four largest commercial banks have already incurred great losses on the loans they have repurchased from Fannie Mae andFreddie Mac. (0:11)

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We Must Focus On Recouping Tax Payers' Money, Says Lawmaker

Rep. Paul Kanjorski (D-Pa.) says at the House Financial Services Committee hearing that Congress must think about recouping taxpayers’ money in addition to protecting Fannie Mae and Freddie Mac. (0:22)

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Freddie Mac and Fannie Mae Owned By The Taxpayers, Says Bachmann

Rep. Michele Bachmann (R-Minn.) calls for government to level with the American people. Now that the taxpayers own Freddie Mac and Fannie Mae they should know the accounting as well, she says. (0:25)
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United States Facing Financial Reckoning, Says Rep. Bachus

Rep.Spencer Bachus (R-Ala.) calls for fairness in accounting on behalf of the United States, and urges for the real deficit numbers to be released to the public. (0:27)
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Freddie And Fannie Were At The Root Of Financial Crisis, Says Texas Republican

Rep. Jeb Hensarling (R-Tx.) says that the main cause of the financial crisis was ultimately Freddie Mac and Fannie Mae, along with the government policies that pushed for people to buy homes that they could not afford. (0:32)
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Law Professor Claims That Privatization of Fannie Mae And Freddie Mac Allow Gov., Private Sector To Do What They Do Best

Brooklyn Law School Professor David Reiss claims that privatizing Fannie Mae and Freddie Mac will allow the private sector to evaluate risk and the government to protect consumers and provide affordable housing. (0:32)
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Law Prof. Says American Housing Finance Market Has "Grown Up," Needs To Be Privatized

Brooklyn Law School Professor David Reiss says that the housing finance market has grown up since Fannie Mae and Freddie Mac were created and that the companies need to be privatized. Reiss spoke at the CATO Institute in Washington, D.C. as part of a panel discussing the future of the two companies on Monday. (0:23)
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Fannie and Freddie were worst of both worlds

John Berlau, Director of the Center for Entrepreneurship, said that Fannie Mae and Freddie Mac were essentially hybrids of government and private industry which had the dangerous consequence of making investors believe that their investments were risk free (0:32)

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Freddie and Fannie takeover successful

Federal Housing Finance Agency Director James Lockhart III explains that Fannie and Freddie are funding their costs and that home rates for thirty year mortgages have fallen for the first time since January.
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Who's next? Starbucks?

Rep. Michelle Bachmann (R-Minn.) says that government bailouts to financial companies were rationalized as those companies being "too big to fail." (0:42)
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