Fannie and Freddie go to Washington

Tuesday, July 15, 2008

Despite promises from the Department of the Treasury and the Federal Reserve Board that they will protect Freddie Mac and Fannie Mae, shares in the mortgage lenders remained unstable. The Treasury is asking Congress to approve a multibillion-dollar rescue plan, while Ben Bernanke is set to testify on monetary policy this week.

Guest: Representative Maxine Waters, D-Calif., head of the House Financial Services Committee's Subcommittee on Housing and Community Opportunity

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