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Getting Our Money Back from Fannie and Freddie

Rick 2811 Wrote: Nov 25, 2012 10:13 AM
It's all so fuzzy...is it meat to be that way. Who in the heck are Fannie Mae and Freddie Mac? Are they living together...married?? Are they even still alive? They must live in Hollywood. Lets subpoena them in and talk?

Yesterday in the New York Times, Josh Rosner, co-author of Reckless Endangerment, asked one of the questions that almost everyone in Washington is avoiding: how do the taxpayers get back their money, currently about $180 billion (including dividends), from Fannie Mae and Freddie Mac? Obviously Democrats do not want to be reminded that their social engineering of the mortgage market has been a disaster, but why have Republicans been quiet?

I suspect many Republicans, at least those not closely aligned with the real estate industry, are torn between wanting to immediately get rid of Fannie and Freddie and getting the...

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