Kacey Montoya Photos
Kacey Montoya interviewed Oregon Senator Gordon Smith and believes that he is backing the George W. Bysh administration's seizure of troubled mortgage giants Fannie Mae and Freddie Mac.He said that the housing crisis will be solved only if those two giants of the mortgage industry will be reformed.Kacey Montoya asked him about his oppinion about this crysis and he said that the federal takever could helpp stabilize the housing market and speed the economic recovery.
The Oregon Senator declared for our special reporter Kacey Montoya that the federal intervention in this problem will surely stop the housing industry decline,speeding it's economic recovery and ensure that the American famillies will be able to keep their homes.He also declared,interviewed by Kacey Montoya, that this takeover must be followed by agressive and impact reforms to protect consumers from bad mortgages and financial scams.Fannie Mae and Freddie Mac own or guarantee home loans in value of more than $5 trillion.
