Although Fannie and Freddie were taken over by the government in the fall of 2008, the two have been wildly profitable – with a few bumps along the way – since 2012.
With Fannie and Freddie earning so much money these days (and returning almost all of it to Uncle Sam) haven’t the two earned the right to lobby Congress regarding their future?
Former GSE regulator Ed DeMarco: “The chairman’s outline captures the consensus elements of prior reform proposals and serves as a solid workable foundation from which to develop legislation.”
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