Uncle Sam’s ugly, unmarriable children, Fannie and Freddie already have a mountain of misery and challenges and their problems are about to get bigger as signs of the softening real estate market and anticipated foreclosures are expected to climb and continue. The troubled twins have already reclaimed nearly as many of the homes as they did in 2009 and the year isn’t over yet. Today I went across the aisle to speak with Rep. Paul Kanjorski (D-Pa.), Chairman of the Capital Markets Subcommittee to ask him his solutions on what to do with Fannie and Freddie.
Kanjorski bashes Fannie and Freddie’s ‘reckless risk-taking’
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