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Real Estate Briefing - Categorized | Americas, Market Moves more

Let the U.S. housing market normalize!

Posted on 24 August 2010

From Marketoracle.co.uk: Recently there have been some encouraging signs that Congress is finally willing to admit what should have been evident two years ago. Even after a $150 billion bailout, Fannie Mae and Freddie Mac are still bankrupt and should be abolished. Indeed Rep.
Barney Frank, a longtime champion of Fannie and Freddie has made a few statements alluding to this and I have signed on to a letter asking him to clarify his remarks and hold hearings on this topic. There seems to be a growing consensus in favor of abolishing Fannie and Freddie. This is the good news…………………………………….Full Article: Source


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