California's Royce Interview About U.S. Housing Finance

Feb. 11 (Bloomberg) -- U.S. Representative Ed Royce, a Republican from California, talks about the role of the U.S. government in housing finance and the future of Fannie Mae and Freddie Mac. Treasury Secretary Timothy F. Geithner presented Congress with a set of options for weaning the $11 trillion mortgage market from its dependence on the government, while calling for changes to be phased in “responsibly and carefully” to avoid economic disruptions. Royce speaks with Carol Massar and Peter Cook on Bloomberg Television's "Street Smart." (Source: Bloomberg)