Fannie Mae-No Politics (FNMA)

[Demar]

"Last week, perhaps in a direct response to Warner-Corker, House Financial Services Committee Chairman Jeb Hensarling, (R-Dallas) introduced a “Republican only” plan that he described as “the GSE Bailout Elimination and Taxpayer Protection Act, to protect taxpayers from more GSE losses.” He said, “My bill would privatize Fannie and Freddie over a five-year transition period, gradually eliminating taxpayer subsidies in the secondary mortgage market.The legislation would begin implementing important reforms upon enactment, put a hard two-year end date on conservatorship and eliminate the government charters after five years. My legislation is supported by Heritage Action, Freedom Works, National Taxpayers Union, and the Council for Citizens Against Government Waste.”"

Is the author correct??

From article posted today in Forbes: http://www.forbes.com/sites/tedkaufman/2013/07/22/washington-cant-defuse-the-ticking-time-bombs-fannie-mae-and-freddie-mac/