House Republicans are introducing a bill today that will wind down Freddie Mac & Fannie Mae, to ween them off government support.
In a 5 year time frame, the Republicans wants to shrink the company's portfolios to $700 billion, and then eventually $250 billion.
The plan is to then put the companies into receivership, or back into the public marketplace, without their government sponsored charters.
Jeb Hensarling (R-TX) is a co-author of the bill.
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Posted In: PoliticsJeb Hensarling
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