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Senate leaders announce proposal to wind down Fannie, Freddie
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Senate Banking Committee Chairman Tim Johnson, D-S.D., and Ranking Member Mike Crapo, R-Idaho, announced a bipartisan proposal March 11 that would effectively wind down government sponsored enterprises Fannie Mae and Freddie Mac.
The proposal is similar to S. 1217, bipartisan reform legislation crafted by Sens. Bob Corker, R-Tenn., and Mark Warner, D-Va., last year.
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