Banking, Housing and Urban Affairs Committee Hearing Part 1

Banking, Housing and Urban Affairs Committee hearing on the turmoil in the U.S. credit markets, recent actions regarding government sponsored investment banks and other financial institutions. Sen Martinez speaks about lack of regulation and how Fannie Mae and Freddie Mac got into such a bad situation at 01:09:02. He talks about the impact of putting Fannie Mae and Freddie Mac into a conservatorship at 03:39:15. See dasm00630000090001001 for Part 2.