N.J.'s Garrett Says Fannie, Freddie Must Wind Down

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April 3 (Bloomberg) -- U.S. Representative Scott Garrett, a Republican from New Jersey and chairman of the House Financial Services Subcommittee on Capital Markets and Government-Sponsored Enterprises, talks about the outlook for the housing market and his proposal to wind down Fannie Mae and Freddie Mac without disrupting the market. Garrett, speaking with Erik Schatzker and Scarlet Fu on Bloomberg Television's "Market Makers," also discusses the potential imposition of legal restrictions on banks deemed too big to fail. (Source: Bloomberg)