Nominee for Housing secretary backs shuttering Fannie, Freddie

06/18/2014 | Hill, The

San Antonio Mayor Julian Castro is President Barack Obama's nominee to become the next Housing secretary. Castro told members of the Senate banking committee Tuesday that he supports terminating the federal backstop enjoyed by Fannie Mae and Freddie Mac. "I absolutely believe that there are better alternatives than what we have in place with this duopoly and with the conservatorship," Castro said.

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Hill, The

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