president obama did make policy proposals during his housing speech tuesday. he threw support behind a bipartisan effort to scale down fannie mae and freddie mac, the mortgage giants that guarantee 77% of all new mortgages last year. >> for too long, these companies were allowed to make huge profits buying mortgages knowing that if their bets went bad, taxpayers would be left holding the bag. it was heads we win, tails you lose, and it was wrong. so the good news is right now there's a bipartisan group of senators working to end fannie and freddie as we know them. >> the only thing i dislirk more than irresponsible homeowners than shutting down fannie and
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