A new proposal for replacing Fannie Mae and Freddie Mac has emerged in the US Senate. An essential part of any such reform should be requiring banks to have capital to cover a reasonable percentage of those loans.
Here's a recent article on the proposal:
http://www.latimes.com/business/money/la-fi-mo-fannie-mae-freddie-mac-senate-housing-finance-reform-20140311,0,2529598.story#axzz2vlQi0TJb
I will add other links as they come to my attention.
About Me
- Getting Informed and Involved
- I created my first blog Involved Voters in July 2008 while living in SE Michigan to inform local voters and support Democratic candidates. I currently live in New Jersey, having recently moved from 5 years in California. A couple of years ago I shifted the emphasis of the blog to focus on educating Involved Voters about reforming the US financial system and getting big money out of politics. With the election of Donald Trump as POTUS, I decided to create a second blog for the purpose of holding his administration accountable.