House Republicans Want To Get Rid Of Fannie & Freddie

House Republicans are introducing a bill today that will wind down Freddie Mac & Fannie Mae, to ween them off government support.

In a 5 year time frame, the Republicans wants to shrink the company's portfolios to $700 billion, and then eventually $250 billion.

The plan is to then put the companies into receivership, or back into the public marketplace, without their government sponsored charters.

Jeb Hensarling (R-TX) is a co-author of the bill.