CEO of Freddie Mac defends mortgage giant

The CEO of the beleaguered mortgage giant Freddie Mac defended its record Tuesday against voices rising against it in Washington. U.S. Rep. Barney Frank, D-Mass, has suggested the possible scrapping of Freddie Mac and Fannie Mae, both of which have been under government control since 2008. At a Detroit Economic Club luncheon in Southfield, Freddie Mac CEO Charles "Ed" Haldeman said he understands the frustration surrounding America's housing meltdown. "I totally get it," he said.

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