Treasury Secretary gives his opening statement to the House Financial Services Committee on "Mortgage Finance Reform: An Examination of the Obama Administration's Report to Congress."
Discussing whether the government should unwind the GSEs, with Lewis Ranieri of the Hyperion Group.
Lewis Ranieri, often credited with creating the modern mortgage, speaks to the threat of a second massive wave of foreclosures.
Lewis Ranieri, widely considered the "father" of the mortgage bond, reveals why it will take a long time to reduce the role Fannie and Freddie play in the real estate market. Plus, his take on what's needed to revive the private sector's role in the mortgage-backed securities market.