Video: Andrew Schiff: Mortgage market should have disappeared

Three years ago the US government took over Fannie Mae and Freddie Mac in hopes of protecting the mortgage market from collapsing.

Now, 27 percent of Americans owe more than their homes are worth and a solution has yet to be found.

Andrew Schiff of Euro Pacific Capital explains who really benefited from the bailout and offers possible solutions for the economic state.

Watch the full video report on TheMoveChannel.tv:

http://www.themovechannel.tv/2011/09/andrew-schiff-mortgage-market-should-have-disappeared/ 

 

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