Detailed text transcripts for TV channel - FOXNEWS - 20111216:19:33:00
Been full disclosure as required by the securities laws, we would not have had a financial crisis, because many people would have bailed out of that market before it grew to be so large. >> reporter: because the information was withheld, the market was unaware of how many risky loans had been made, how overextended the housing market was. had the truth been told analysts would have realized it had to stop. both freddie and fanny are cooperating with the sec in exchange for not getting named in the complaint. listen to this: >> the difficulty for the sec was the fact that fannie and freddie are...