Wednesday, May 23, 2012 | Privacy Policy

Politics:

Fannie and Freddie Failure Forever

Yesterday, Sen. Chris Dodd (D-CT) told reporters about his financial regulation bill, “We’ve ended the ‘too big to fail’ debate. So no longer do I expect any argument to be made that this bill exposes the American taxpayer.” Really. Someone might want to tell Sen. Dodd that in other news yesterday, Freddie Mac announced that it lost another $6.7 billion in the first quarter of 2010 and therefore needed another $10.6 billion in cash from U.S. taxpayers.

View Source: http://blog.heritage.org/2010/05/06/morning-bell-fannie-and-freddie-failure-forever/?utm_source=Newsletter&utm_medium=Email&utm_campaign=Morning%2BBell

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