Why Congress Wants To Bail Out Mortgage Giants Fannie Mae and Freddie Mac have powerful allies on Capitol Hill. Barney Frank, the House Financial Services Committee Chairman, discusses Congress' role in bailing out the two mortgage giants.

Economy

Why Congress Wants To Bail Out Mortgage Giants

July 14, 20081:00 PM ET

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Why Congress Wants To Bail Out Mortgage Giants

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Fannie Mae and Freddie Mac have powerful allies on Capitol Hill. Alex Chadwick talks to Congressman Barney Frank, the House Financial Services Committee Chairman, about what role Congress has in bailing out the two mortgage giants.