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Politics : Mainstream Politics and Economics -- Ignore unavailable to you. Want to Upgrade?

To: HPilot who wrote (7449)	1/25/2012 4:00:36 PM
From: Steve Lokness	Respond to of 85487

So your idea for a solution to Fannie and Freddie was to create another bureaucratic layer of government? Looks to me that Newt did his job representing them to me. I watch these arguments and I don't know who wants bigger government - the republicans or the democrats! Exception being Ron Paul of course. From your link; The administration's proposal, which was endorsed in large part today by Fannie Mae and Freddie Mac, would not repeal the significant government subsidies granted to the two companies. And it does not alter the implicit guarantee that Washington will bail the companies out if they run into financial difficulty; that perception enables them to issue debt at significantly lower rates than their competitors. Nor would it remove the companies' exemptions from taxes and antifraud provisions of federal securities laws. The proposal is the opening act in one of the biggest and most significant lobbying battles of the Congressional session.