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Home » Store » Inside The GSEs » House GOP Criticizes GSEs in FY17 Budget Talks

House GOP Criticizes GSEs in FY17 Budget Talks

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Republicans said they are “extremely concerned” about the amount of risk the GSEs pose to taxpayers during this week’s House Financial Services Committee meeting offering up their version of fiscal year 2017 budget views and estimates. While it’s been seven years since the financial crisis, Republicans on the committee said the GSEs’ expanded activities and further consolidation of their dominant market share continue to be a cause for concern, according to the GOP print version of the FY17 BVE. They want to wind down the GSEs as quickly as possible. “Despite recent improvements to their corporate balance sheets, the GSEs’ model is inherently flawed and unsustainable without taxpayer support,” said the majority.
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