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 to us who really benefited from the bailout and offers possible solutions for the economic state. Follow Lauren on Twitter: twitter.com