Arthur Levitt Says Fannie, Freddie Should Be Privatized
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Arthur Levitt Says Fannie, Freddie Should Be Privatized
Former U.S. Securities and Exchange Commission Chairman Arthur Levitt talks with Bloomberg's Carol Massar and Erik Schatzker in New York about the need for Fannie Mae and Freddie Mac to be privatized, the outlook for possible regional bank failures and the Federal Reserve's performance in regulating the banking industry. Levitt is a senior adviser to the Carlyle Group and a board member of Bloomberg LP, the parent company of Bloomberg News. (Source: Bloomberg)
Bloomberg | August 20, 2008
