In These New Times

A new paradigm for a post-imperial world

Obama to urge congress to shutter Fannie, Freddie

Posted by seumasach on August 7, 2013

And so will these debts be financed via the bailout of the banks?

Money News

6th August, 2013

Buoyed by an improving housing market, President Barack Obama on Tuesday proposed a broad overhaul of the nation’s mortgage finance system, including winding down government-backed Fannie Mae and Freddie Mac. He declared that taxpayers should never again be left “holding the bag” for the mortgage giants’ bad bets.

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