Fannie Mae (FNMA)

[955]

""I would just urge the chairman to pull this bill and work with us to advance a bill that stands a chance of becoming law — because this bill will never receive a Democratic vote in the House or the Senate," said Rep. Stephen Lynch, D-Mass. "And we're wasting an opportunity — we're squandering an opportunity here to do something important."

But Hensarling and other Republicans were steadfast, arguing that House Democrats were in essence defending the current system dominated by Fannie and Freddie by not offering alternative solutions."