The Senate continues voting today on amendments to the Democrats’ partisan finance “reform” bill while ignoring Fannie Mae and Freddie Mac, the two government-sponsored entities (GSEs) at the heart of the financial meltdown.
Fannie and Freddie still owe taxpayers more than twice as much as the next closest bailout debtor, AIG, and they’re both asking for more taxpayer funds.
Fannie Mae yesterday reported a $13 billion 2010 first quarter loss, begging for another $8.4 billion in bailout funding for a total of $83.6 billion. Last week, Freddie Mac asked for an additional $10.6 billion that would total $61.3 billion.
According to Rep. Jeb Hensarling (R-Texas), top Republican on the House Financial Services Subcommittee on Financial Institutions and Consumer Credit, both are bleeding bailout dollars.
