CNBC On The Money With Maria Bartiromo August 11, 2013
On the money, now maria bar tir romo. Heres whats making the news. President obama is pitching housing reform in phoenix. Mr. Obama called the winding down the government sponsored fannie mae and freddie mac which hold most of the mortgages in the united states. He called for a public role and increase in the public market. For too long those companies were allowed to make huge profits buying mortgages knowing that if their debts went bad, taxpayers would be left holding the bag. Meanwhile, the markets broke a threeday slide on thursday catching their breath. It was the longest losing streak i...