Opinion: GOP amendment to reform Fannie, Freddie is welcome

05/6/2010 | Wall Street Journal, The

The White House's proposal for overhauling financial regulation would fail to reform Fannie Mae and Freddie Mac, according to The Wall Street Journal. That led three Republican senators to introduce an amendment to the bill that would revamp the mortgage giants, which were at the center of the housing meltdown. The amendment will help reveal whether Democrats are serious about financial reform and curbing reckless lending, the newspaper argues.

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Wall Street Journal, The

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