Schiff Warns of Housing Crisis as Fannie Mae and Freddie Mac Shares Fall

Economist Peter Schiff said Fannie Mae shares fell 23% and Freddie Mac shares 21% in three trading days, warning that home prices could fall sharply. The article also reports FNMA down 10.38% to $3.28 and FMCC down 0.60% to $3.31 in after-hours trading.