Rep. Frank: We May Abolish Fannie Mae, Freddie Mac

Filed under: Federal Natl Mtge (FNM), Politics, Housing, Financial Crisis

Chairman of the House Financial Services Committee Barney Frank said Friday at a hearing on executive compensation issues: "I believe this committee will be recommending abolishing Fannie Mae and Freddie Mac in their current form and coming up with a whole new system of housing finance."

This represents a turnaround for Representative Frank (D., Mass.), who has been a staunch supporter of Fannie Mae and Freddie Mac.

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Rep. Frank: We May Abolish Fannie Mae, Freddie Mac originally appeared on BloggingStocks on Sun, 24 Jan 2010 14:40:00 EST. Please see our terms for use of feeds.

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