Not Clear That U.S. Housing Bottomed, Barofsky Says
Aug. 2 (Bloomberg) -- Neil Barofsky, former special inspector for the U.S. Treasury's Troubled Asset Relief Program and a Bloomberg Television contributing editor, talks about the debate over the Federal Housing Finance Agency's decision not to allow principal forgiveness on mortgages backed by Fannie Mae and Freddie Mac, and the outlook for U.S. housing.
Barofsky also talks about his book "Bailout: An Inside Account of How Washington Abandoned Main Street While Rescuing Wall Street." He speaks with Tom Keene and Scarlet Fu on Bloomberg Television's "Surveillance." (Source: Bloomberg)