Time to Eliminate Fannie and Freddie, Not Replace Them

March 11, 2014

By Norbert Michel

UPI Photo/Alexis C. Glenn

Bloomberg News is reporting that Senators Tim Johnson (D–SD) and Mike Crapo (R–ID) have completed a bill that will finally eliminate Fannie Mae and Freddie Mac. That’s good news because the former housing government sponsored enterprises (GSEs) were deemed insolvent in 2008 and have remained …read more

Read more here: http://blog.heritage.org/2014/03/11/time-eliminate-fannie-freddie-replace/

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