Peter Schiff Warns Fannie-Freddie Merger Could Create 'Moral Hazard' Bigger Than Great Financial Crisis Era

Economist Peter Schiff is sounding the alarm on a potential merger of mortgage finance giants, the Federal National Mortgage Association or Fannie Mae, and the Federal Home Loan Mortgage Corp, popularly known as Freddie Mac.

According to Schiff, this merger could set the stage for risks that surpass those leading up to the Great Financial Crisis in 2008.