National Republican Congressional Committee Blasts Democrats On Bailout
More of this please:
Make no doubt it about, Fannie Mae and Freddie Mac are at the very heart of our current economic downturn. Those two government sponsored entities (literally called GSE’s in government acronym speak) owned or secured 51% of the nation’s $12 trillion mortgage market. When they went, the housing market went. And when the housing market went, a good chunk of our overall economy went with it.
And it all happened because of stupid government policies and the liberal politicians who backed them.
