Mark DeVol Responds to Treasury's removal of Caps on GSE's
Andersonville, TN - January 3, 2010- U.S. Congressional District 3 candidate, Mark DeVol responds to the
Treasury Departments removal of Caps on GSE's Fannie Mae and Freddie Mac.
The Treasury Department announced on Christmas Eve the removal of caps that limit the amount of available capital to GSE's Fannie Mae and Freddie Mac, citing the GSE's will have unlimited access to bailout funds through 2012 which is "necessary for preserving the continued strength and stability of the mortgage market."
Between 2000-2006, Republicans controlled both branches of Congress and the White House where the Bush administration went to Congress no less that 6 times warning of impending problems with the GSE's.