Chairman Jeb Hensarling

Legislation

H.R. 1182, the GSE Bailout Elimination and Taxpayer Protection Act
Posted by on April 26, 2011

H.R. 1182 ends the taxpayer-funded bailouts of Fannie Mae and Freddie Mac and put these two companies on a path towards privatization.  The failures of the two government-sponsored enterprises (GSEs) have directly cost taxpayers more than $150 billion. H.R. 1182 is sponsored by Rep. Jeb Hensarling.

 

 

Comments
The opinions expressed below are those of their respective authors and do not necessarily represent those of this office.
  • jonathan sion commented on 5/8/2011
    why not turn fannie and freddie into bank owned co ops. any bank doing business with fnf must own shares in fnf. make sure all of fnf debt including the preferreds is backed by a govt. guarantee. the banks can pay for that guarantee in the form of insurance back to the government. After a period of time take the government completely out of the guarantee business by letting the global insurance companies underwrite this business.
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