The long-term outlook of the Ryan plan involves a complete wind-down of Fannie Mae and Freddie Mac and an end to the $188 billion in bailouts so far. The Ryan budget would "privatize the business of government-owned housing giants, Fannie Mae and Freddie Mac, so they no longer expose taxpayers to trillions of dollars’ worth of risk."
To gradually eliminate both Fannie Mae and Freddie Mac, Ryan’s budget proposes "wind-ing down their government guarantee and ending taxpayer subsidies. It supports increasing the guar-antee fees Fannie and Freddie charge lenders in order to bring private capital back, shrinking their retained portfolios, and enacting various measures
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This press release from my Congressman, Paul Ryan, on House passage of H.R. 3221, the Fannie/Freddie bailout bill came into the mailbox a couple hours ago. Quoting Ryan from the press release: My top priority is to protect the taxpayers, not the shareholders.
Paul Ryan budget will not abandon Fannie and Freddie Bonetti Contents Congressional budget office florida housing coalition financial accounting standards board.
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September 2012 paul ryan Could Alter Future of GSEs With GOP presidential nominee Mitt Romney’s selection of Rep. Paul Ryan, R-Wis., as his running mate, the debate over the future of Fannie Mae and Freddie Mac has taken a new turn within the Republican Party, American Banker reported Aug. 14.
Rep. Scott Garrett and Federal Reserve Chairman Ben Bernanke House Budget Committee Garrett raises concerns with lack of budget and lack of GSE reform. Bernanke: Well, I think you want clarity on.
Ryan: Debt on Track to Hit 800 Percent of GDP; ‘CBO Can’t Conceive of Any Way’ Economy Can Continue Past 2037
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Scale back "corporate welfare," starting with the conservatorship of Fannie Mae and Freddie Mac.. "This budget is not a safe budget." (Read more Paul Ryan. View all 154 comments.
Countrywide’s Mozilo may face lawsuit over subprime mortgages Federal prosecutors won’t file a fraud lawsuit against former Countrywide Financial chief executive Angelo Mozilo over the sale of billions of dollars’ worth of subprime loans before the mortgage.BofI Holding posts record quarterly net income NEW YORK (Reuters) – Goldman Sachs Group Inc (GS.N) reported its first quarterly loss. Goldman posted a net loss of $2.12 billion, or $4.97 a share, for the fourth quarter ended Nov. 28, compared.
While much of the press attention has focused on other parts of the budget plan put forth by Representative Paul Ryan (R-WI), a key provision is its call for an end to Fannie Mae and Freddie Mac.
The House GOP budget is similar to last year’s Ryan budget and includes virtually the same Medicare reform plan. Paul Ryan budget slashes spending by $5.7 trillion to reach 10-year balance.