Republicans Stymied on Fannie And Freddie Despite Midterms

The Washington Free Beacon reports:

A Republican-led Congress will likely be unable to reduce government involvement in the housing market before the next election, but federal agencies could still take measures to lessen risk in the system, experts say.

Sen. Richard Shelby (R., Ala.) is poised to become chairman of the Senate Banking, Housing, and Urban Affairs Committee for the second time after the GOP regained control of the chamber in the midterm elections. Shelby has been a vocal critic in the past of Fannie Mae and Freddie Mac, the government-sponsored enterprises (GSEs) whose ownership of risky “subprime” mortgage loans—which defaulted in large numbers in 2008—helped precipitate the financial crisis.

Fascist Mae and Fascist Freddie live on.