2008 Financial Crisis and Fannie Mae, Day 3

In the third of three days of hearings held by the bipartisan Financial Crisis Inquiry Commission (FCIC), former Fannie Mae executives… read more

In the third of three days of hearings held by the bipartisan Financial Crisis Inquiry Commission (FCIC), former Fannie Mae executives Robert Levin and Daniel Mudd testified in the role of their company in the housing market collapse. They faulted Fannie Mae’s backing of riskier mortgages on pressures related to increased competition from Wall Street firms and the goal of increasing home ownership. Mr. Mudd in his testimony did not apologize for his company’s collapse but stated, “I accept responsibility for everything that happened on my watch.”

Congress formed the ten-member FCIC in May 2009 to examine the causes of the financial markets meltdown. close

*The transcript for this program was compiled from uncorrected Closed Captioning.

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2008 Financial Crisis and Fannie Mae, Day 3

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Program ID:
292908-1
Category:
Public Affairs Event
Format:
Public Hearing
Location:
Washington, District of Columbia, United States
First Aired:
Apr 9, 2010
Last Aired:
Jun 4, 2010

Airing Details

  • Apr 09, 2010 | 9:04am EDT | C-SPAN 2
  • Apr 09, 2010 | 12:03pm EDT | C-SPAN 2
  • Apr 09, 2010 | 8:09pm EDT | C-SPAN 3
  • Apr 09, 2010 | 9:24pm EDT | C-SPAN 3
  • Apr 09, 2010 | 9:45pm EDT | C-SPAN 3
  • Apr 09, 2010 | 10:36pm EDT | C-SPAN 1
  • Apr 10, 2010 | 2:06am EDT | C-SPAN 3
  • Apr 10, 2010 | 3:21am EDT | C-SPAN 3
  • Apr 10, 2010 | 3:42am EDT | C-SPAN 3
  • Jun 04, 2010 | 11:28am EDT | C-SPAN 3
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