The House Republican Conference policy shop has been hard at work behind the scenes. In our latest paper, we take a break from health care to focus on the economy. Read an excerpt of the study and get the rest at the link below:
As AEI's Peter Wallison noted, "By the end of 2008, Fannie and Freddie held or guaranteed approximately 10 million subprime and Alt-A mortgages and mortgage-backed securities...These are now defaulting at unprecedented rates...Since 2008, under government control, the two agencies have continued to buy dicey mortgages..." To date, the taxpayers have lost $126.9 billion bailing out the two firms and the Democrats continue to pretend not to notice.