Some of the Republicans have been trying to make a point about Fannie Mae and Freddie Mac. Here are the facts on this. The Republicans of course, controlled Congress and especially the House from 1995 until 2006. They never passed a bill to improve the regulation of Fannie Mae and Freddie Mac.
Frank defends his record regarding Fannie Mae and Freddie Mac, pointing out that Republicans failed to regulate them during their time in control.
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For example, there are key differences in product characteristics between payday, car title, and other high-cost secured loans and more traditional closed-end unsecured lending and related products, and the products are often regulated…
I think it is clear that Fannie and Freddie are sufficiently secure so they are in no great danger.
People around the world have learned they can claim asylum and remain in the U.S. indefinitely to pursue their claims.
Fannie Mae and Freddie Mac do very good work, and they are not endangering the fiscal health of this country.
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