Tuesday, April 5, 2011

New Bill to End Fannie & Freddie!

Amplify’d from www.dsnews.com

Senators Introduce Legislation to End Taxpayer Support of GSEs

Sens. John McCain (R-Arizona) and Orrin Hatch (R-Utah) have introduced legislation to permanently end government support for Fannie Mae and Freddie Mac.

Both pieces of legislation are aimed at stopping the taxpayer-funded bailout of Fannie Mae and Freddie Mac. Since the two GSEs were placed into conservatorship in September 2008, they have drawn more than $150 billion in taxpayer funds.

Read more at www.dsnews.com

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