With $150 billion in taxpayer funds already spent propping up Fannie Mae and Freddie Mac, and hundreds of billions more a possibility, it is clear that this will be the most expensive Federal bailout in response to the financial crisis.
Hurt discusses the financial burden of government bailouts for Fannie Mae and Freddie Mac.
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Making sure that we have fair and effective regulation is vital to maintaining efficient capital markets.
I think if you looked at the trend over the last 3 decades, you see that it has been brutal for community banks.
I think that those of us who live in rural areas depend disproportionately on community banks.
When I travel across Virginia's 5th District, I continue to hear from my constituents that Washington is making it harder, not easier, for them to do business.
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