| Part Of Financial Crisis Inquiry Commission: Subprime Lending & Securitization & Gov't
Report Video Issue2008 Financial Crisis and Fannie Mae, Day 3
2010-04-09T09:04:11-04:00https://ximage.c-spanvideo.org/eyJidWNrZXQiOiJwaWN0dXJlcy5jLXNwYW52aWRlby5vcmciLCJrZXkiOiJGaWxlc1wvOTQ5XC8yOTI5MDgtbS5qcGciLCJlZGl0cyI6eyJyZXNpemUiOnsiZml0IjoiY292ZXIiLCJoZWlnaHQiOjUwNn19fQ==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.
Congress formed the ten-member FCIC in May 2009 to examine the causes of the financial markets meltdown.
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… 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
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