Fannie Mae and Freddie Mac.
on reforming Fannie and Freddie.
me to suggest to Fannie that we bring
And every year Fannie and Freddie would come to Congress and say, "We're doing a great job of making housing more affordable, but the price of health
where we were racing to stabilize Fannie or Freddie, and you remember they're nine times bigger than Lehman Brothers.
I also really like "The Fannie Farmer Cookbook," may she rest in peace.
There was government support for banks issuing mortgages with Fannie Mae and later Freddie Mac.
And this means that we should invent something like Fannie Mae and Freddie Mac, but to provide capital for hunters, rather than settlers.
And if you look at what was done with AIG and Fannie or Freddie in terms of management being replaced, parachutes going, et cetera.
Or if you were a preferred shareholder of Fannie Mae and Freddie Mac -- the government sponsored mortgage entities -- you didn't get all your money back.
actually identify these companies we would be creating fannies and Freddy's throughout our economy and they would have serious
So the ease with which a bank like that can borrow-- just like Fannie and Freddie could-- with the backing of the government would be reduced.
And if you look at that, and Fannie and Freddie, and the FHA programs, when the government is backing almost every mortgage,
I think it's up to us to figure out then how we get Fannie and Freddie for instance.
mistake but if we did it if we actually named them we would be creating fannies and Freddy's in every sector of our economy Fanny May and Freddy Mack came
Well today, the government-- if you look at the FHA and Fannie Freddie, and other programs, is backstopping almost half the residential mortgages.
So the things that I'm tending to focus on are the problems were there hasn't been as much done-- Fannie or Freddie, or some of the shadow banking market.
And then, unless you want to lard it, like Fannie Farmer used to do, you're probably going to have to cook it low and slow.
We don't do housing policy and so on other than the crazy way that blew up through Fannie Mae/Freddie Mac and
No, I changed those views when the Bush administration changed what Fannie Mae and Freddie Mac were doing. I did believe that Fannie Mae and
I had been critical of the push for Fannie Mae and Freddie Mac to buy up subprime mortgages.
Once that happened, I did agree that we needed to regulate Fannie Mae and Freddie Mac.
Now, I voted in committee for a bill in 2005 to regulate Fannie Mae and Freddie Mac.
against the bill because of that, but I was still for the Fannie Mae and Freddie Mac regulation.
2004, the Bush administration significantly increased those housing goals and particularly ordered Freddie and Fannie
And those mortgages were operated by the private sector, but they were made possible by government-sponsored institutions, such as Fannie Mae and Freddie Mac.
to cover the costs of doing that, they won't lend you the money, because we never created something equivalent to Fannie Mae or Freddie Mac,
the First World War, all the way to Martin Luther King and Malcolm X, and Fannie Lou Hamer, and Emmett Till,
So my focus is really on the housing still because, as I said, I think the most important thing we did was put Fannie and Freddie
What I am most concerned about, in terms of the obvious masses that we haven't dealt with, is Fannie and Freddie.
What people don't know, I know why we had the economic meltdown, it wasn't AIG, it wasn't Fannie Mae, it wasn't Bush administration, it was white guys in ties.
You're not creating local economic activity, all your money is being sucked out to Fannie and Freddie and the Wall Street banks.
thing that I wanted to bring up is that we talk about the heavyweights, Martin Luther King, Medgar Evers, just a list of names, but one of my heroes is Fannie , Fannie Lou
That's A-U-S-T-I-N. Portia, accordingly, wanted to check the girl's tribute to Fannie Lou Hamer
The Fannie Lou Hamer essay had not turned up in the database
So just like you buy bundles of mortgage which are put together by government sponsored enterprises like Freddie Mac, Fannie Mae, Sallie Mae even for students, you would be able to buy bundles
The tax break of course we know about creating Fannie and and and Freddie and Ginnie to to give
The year after I said that, 2004, the Bush administration ordered Fannie Mae and Freddie Mac significantly to increase the number of mortgages they
There's another quote that doesn't get mentioned as much in Bloomberg saying, "This is bad for the borrowers and it's bad for Fannie Mae and Freddie Mac."
Secondly, I joined the Republican chairman of the committee then, Mike Oxley, in trying to regulate Fannie Mae and Freddie Mac.
Republican Congress in 2005, with my support, passes out of committee a bill to regulate Fannie Mae and Freddie Mac in the House.
Mike Oxley, the chairman of the committee, the man who gave his name to Sarbanes-Oxley, said the reason they didn't get Fannie Mae and Freddie Mac
In 2007, within a few months of my becoming chairman, the committee that I chaired passed a tough Fannie Mae and Freddie Mac regulatory bill.
It includes not only the role and contributions of people like Sojourner Truth, Harriet Tubman, Frederick Douglas, W. E. B. DuBois, Rosa Parks, Jimmy Lee Jackson, Ella Baker, Fannie Lou