By Alan Fram
House Republicans plan to introduce eight bills on Tuesday that would each take a small step toward pushing taxpayer-backed mortgage giants Fannie Mae and Freddie Mac out of business, according to congressional aides and lobbyists.
The GOP strategy of using a bite-sized approach to ease the government out of the mortgage system seems to be an acknowledgment that it would be hard to move a single, sweeping bill through Congress this year due to lawmakers’ concerns about going too far and rattling the feeble housing market. The aides and lobbyists spoke on condition of anonymity, a day before GOP lawmakers planned to announce the bills.
Continue reading the article . . .
Related reading:
Goodbye to Fannie and Freddie
Alter NOW (23 Feb 11)
Solari Report Blog Commentaries
Catherine on Mortgage Market Bubbles, “Piratization” and & Other Frauds
(23 March 11)
Decapitalizing Housing
(14 Feb 11)
Imagining Life Without Fannie and Freddie
(13 Feb 11)
White House Plans to Revamp Mortgage Market
(10 Feb 11)
Fannie & Freddie Stick Fraudster Legal Bills to the Taxpayers
(24 Jan 11)