Proposals on Fannie Mae, Freddie Mac Challenged

This story appeared in Bank Digest.

Financial Services Committee Ranking Member Spencer Bachus, R-Ala., has criticized the Democrats' record on addressing the problems of Fannie Mae and Freddie Mac, charging that “more than 90 percent of housing finance is controlled by the government, and taxpayers have contributed more than $127 billion to Fannie and Freddie, with close to $400 billion total and $5 trillion in guarantees.”