Sept 2008: Rep. Capuano asks Dir. Lockhart about shareholders

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.

Capuano 2008

Representative Capuano asks Director Lockhart if common and preferred shares still have value.  Lockhart indicates risk exists, but indeed shares still hold value.

http://www.c-span.org/video/standalone/?c4532849

Full hearing 02:58:02

http://www.c-span.org/video/?281353-1/fannie-mae-freddie-mac-takeover

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