Heritage - Caution: Senators at Work

May 02, 2014


Caution: Senators at Work

Obamacare is wreaking havoc on the economy; entitlement spending is swallowing the federal budget; America’s military readiness is in shambles; and a handful of senators are working hard to make sure the government stays in the housing finance business.

Priorities, right?

Fannie Mae and Freddie Mac, the giant government-sponsored entities (GSEs) that dominate the American housing market, were supposed to help people get homes and stabilize the market. They have failed at these goals. Now, some members of Congress are claiming they want to reform the system—but they’re basically just trying to rename it.

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