Freddie Mac (FMCC)

[FOFreddie]

Prepared Statement Excerpt from Ranking Member Senator Toomey at today's US Senate Banking Committee Hearing

The White House plan also proposed pushing Fannie and Freddie into activities that prior administrations understood created too much risk for taxpayers. In a break from decades of bipartisan efforts to reform the GSEs, the White House has embraced the GSE conservatorships as a means to socially engineer its housing and racial equity policies.

Senator Toomey called for the end of Conservatorship.

Obviously not much is going to get done. Seems like Admin action also dead?

Video Link: https://www.banking.senate.gov/hearings/priced-out-the-state-of-housing-in-america

Fairholme DC Circuit Cert Petition tomorrow.

News Release link:https://www.banking.senate.gov/newsroom/minority/toomey-bad-policies-and-reckless-spending-have-fueled-soaring-housing-costs