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FNMFO - Pending Legislation May Use GSEs As Piggy Banks
Fed Nat Mtg Assn Pfd
Fannie Mae and Freddie Mac are government sponsored enterprises and have been used by prior administrations since conservatorship for their money to fund the government and government programs.
Mark Warner, a senator who has a history of trying to end Fannie and Freddie, has proposed legislation that assumes they continue on with their business.
There are many ways legislators can take money out of middle class home ownership, and this way is bad but it could have been worse.