We're Suffering The Sins Of The Past Of Not Pricing Risk, Says Lawmaker

Rep. David Schweikert (R-Ariz.) says the “failure to properly place risk” has lead to much of the downfall of the housing market at a House subcommittee hearing Thurday discussing new legislation that would eliminate Fannie and Freddie, in order to open the housing market to private investors. (0:21)

Listen