Tuesday, August 24, 2010

Let the Housing Market Normalize!

 Congressman Paul's Texas Straight Talk

“Recently there have been some encouraging signs that Congress is finally willing to admit what should have been evident two years ago.   Even after a $150 billion bailout, Fannie Mae and Freddie Mac are still bankrupt and should be abolished.  Indeed Rep. Barney Frank, a longtime champion of Fannie and Freddie has made a few statements alluding to this and I have signed on to a letter asking him to clarify his remarks and hold hearings on this topic.  There seems to be a growing consensus in favor of abolishing Fannie and Freddie.  This is the good news…”

Alternate link:  http://paul.house.gov/

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