For some time now myself and others have been railing on the idea that the GOP has been simply fighting against the President?s plan for moving the country forward and fixing our economy without providing some sort of alternative to the President?s budget.
Today the GOP put out a Budget Alternative, or at least a blue-print for one. Maybe it?s a rough draft?
The quasi-government mortgage organizations of Fannie Mae and Freddie Mac have incurred a large chunk of the responsibility for the system that allowed for abuse by financial intuitions and lenders that created the housing bubble and the financial crisis. Unfortunately congress and the President let themselves get sidetracked with health care reform and very little has been done to prevent a reoccurrence.
But last Friday, the administration put out a report that laid out a plan for reforming the housing market. A plan that would include the eventual elimination of both Fannie Mae and Freddie Mac.