House Republicans Launch Campaign to End Fannie, Freddie

Wednesday, 30 Mar 2011 03:44 PM

By Dan Weil

Share:
  Comment  |
   Contact Us  |
  Print  
|  A   A  
  Copy Shortlink
House Republicans announced eight bills Tuesday that would shut down troubled mortgage agencies Fannie Mae and Freddie Mac, which are now operating on government life support, Politico reports.

Republicans, Freddie May, Fannie Mac,
            Bachus
Rep. Spencer Bachus (AP photo)
The White House and Democrats in Congress agree with Republicans that Fannie and Freddie should be eliminated. But last year’s Democratic-controlled Congress failed to do so.

“Today marks the start of a process — a process to begin winding down Fannie Mae and Freddie Mac,” House Financial Services Committee Chairman Spencer Bachus said Tuesday. “Over the course of the next few months, my colleagues and I on the Financial Services Committee will introduce multiple rounds of very specific, very targeted bills to end the bailouts, protect the taxpayers and get private capital off the sidelines.”

© 2014 Newsmax. All rights reserved.

Share:
  Comment  |
   Contact Us  |
  Print  
  Copy Shortlink
Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Country
Zip Code:
Privacy: We never share your email.
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
Top Stories
You May Also Like

Rep. Pitts: 21-Day Hold on W. Africa Travelers Better Than a Ban

Monday, 20 Oct 2014 08:58 AM

A 21-day quarantine on anyone traveling from West Africa would be "the best and quickest means of keeping Ebola isolated . . .

New Hampshire Town's Pumpkin Festival Turns Into a Riot Scene

Monday, 20 Oct 2014 08:05 AM

Rowdy college students in the small town of Keene, New Hampshire transformed a pumpkin festival into a riot, The Keene S . . .

Wisconsin Teachers Choosing to Pull Out of Unions

Monday, 20 Oct 2014 07:13 AM

Increasing numbers of teachers in Wisconsin are choosing not to remain union members now that they have a choice, with m . . .

Most Commented

Newsmax, Moneynews, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, NewsmaxWorld, NewsmaxHealth, are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved