Big Government Hovers Over Fannie Mae and Freddie Mac

The slow turning wheels of the US Government are slowly but surely closing in on US mortgage giants Fannie Mae and Freddie Mac.

Big Government Hovers Over Fannie Mae and Freddie Mac

Big Government Hovers Over Fannie Mae and Freddie Mac

This is details of the latest breaking news as the Government House have issued seven bills that will be used in the process  of speeding up the eventual closure of the government controlled house mortgage lenders. Bill details – quote – The bills are part of a GOP strategy keep public attention on Fannie and Freddie, the two mortgage giants whose government takeover in fall 2008 has cost taxpayers about $138 billion so far. – more – Republicans, especially in the House, want to unwind the government’s longstanding support of the $10.5 trillion U.S. mortgage market, arguing that the high levels of support that have traditionally been part of American housing policy pose too much of a risk of future bailouts.

‘Like all government issues the system has three speeds – slow – very slow and stop!’

Leave a Reply