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Senate Republicans can play offense as well as defense. They released a summary of their own financial regulatory reform Tuesday, covering much of the same ground as the Democrats.
But the GOP plan also addresses Fannie Mae(FNM) and Freddie Mac(FRE), something Democrats have studiously ignored in their “comprehensive” plans...
The proposal would limit future bailouts of the mortgage finance giants and create an inspector general to examine Treasury decisions on the conservatorships of Fannie and Freddie. It would also require the president to submit a reform plan for the government-sponsored enterprises within six months...
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