Housing bill sparks debate

The debate over a bill to wind down Fannie Mae and Freddie Mac, which the House Financial Services Committee began voting on Tuesday, has sparked a debate between some politicians. The committee's chairman, Rep. Jeb Hensarling, R-Texas, says the bill "gets government out of the way, helps increase competition, enhances transparency and gives consumers more freedom to choose the mortgage that's right for them." However, some housing and bond-market experts harbor concerns about damage the policies could do to the economy.

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