SEPTEMBER 25, 2008
Fannie Mae and Freddie Mac Takeover
Witnesses testified on the implications of the Treasury Department’s policies in regard to Fannie Mae and Freddie Mac. The hearing focused on the financial take over of Fannie Mae and Freddie Mac by the Federal Housing Finance Agency (FHFA) and the status of the two enterprises.
Representative Capuano asks Director Lockhart if common and preferred shares still have value. Lockhart indicates risk exists, but indeed shares still hold value.
Full hearing 02:58:02