Speaking with Greta Brawner on C-SPAN's Washington Journal, Rep. John Campbell (R-CA) explains the critical need for the dismantling of Fannie Mae and Freddie Mac and the bill, the Housing Finance Reform Act (H.R. 1859), he has offered to replace the two failing GSEs with numerous private, independently regulated, highly capitalized associations with limited charters competing in a system that intrinsically preserves the 30 year fixed-rate loan.
Watch the entire interview on C-SPAN's website: http://www.c-spanvideo.org/program/Campbello
Link to this comment:
All Comments (0)