Housing Finance Market - Edward DeMarco testified on his oversight of Fannie Mae and Freddie Mac. He said more direction was needed on the future of the two government-sponsored enterprises. Mr. DeMarco’s opening statement was interrupted several times by protestors.
What to do with Fannie Mae and Freddie Mac--they have cost taxpayers billions. They were created by the federal government and became corrupt, bloated, and contributed to the housing bubble and its demise. Now the federal government is in it up to their neck. Watch the video for more.
