March 23, 2010

Housing Finance Reform

<iframe frameborder='0' width='512' height='330' scrollable='no' src='http://www.c-span.org/video/standalone/?292675-101/housing-mortgage-markets-panel-2'></iframe>

Before the House Financial Services Committee, Mercatus Center's Financial Markets Working Group member Anthony Sanders highlights that the combined debt load for Fannie Mae, Freddie Mac, and the Federal Home Loan Bank stands at $8 trillion. Prof. Sanders recommends that we need to take immediate action to get the financial institutions and the investment community back in the game and wind down the Federal government’s involvement.

Read Professor Sander's full testimony.