On the recordMarch 4, 2009
If we go forward with this idea, we will be creating an unlimited number of Fannie Maes and Freddie Macs, companies that are seen in the market as ultimately backed by the Federal Government.
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congress.govIf we go forward with this idea, we will be creating an unlimited number of Fannie Maes and Freddie Macs, companies that are seen in the market as ultimately backed by the Federal Government.
McHenry warns against creating institutions backed by the government, referencing Fannie Mae and Freddie Mac.
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