Fannie, Freddie will get support despite GOP effort

05/12/2010 | National Public Radio (text and audio)

A Republican effort that would have ultimately transitioned Fannie Mae and Freddie Mac into private companies failed in Congress this week. The two government-backed companies submitted requests for an additional $8.5 billion in federal aid. Republicans had been pushing an amendment that would have ended government aid for the companies and let their charters expire.

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