Tag Archives | freddie mac

Freddie and Fannie Bailout: Expensive to Taxpayers, and Destructive of Liberty.

By on July 29, 2008 in Economy

by Rep Ron Paul Statement before the US House of Representatives on HR 3221 July 24, 2008 Madam Speaker, For several years, followers of the Austrian school of economics have warned that unless Congress moved to end the implicit government guarantee of Fannie Mae and Freddie Mac, and took other steps to disengage the US [...]

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Freddie and Fannie: Unconstitutional

By on July 15, 2008 in Positive Grant

Bailouts of the failing Freddie Mac and Fannie Mae are not only unwarranted and unwise – but the existence of both these quasi-government/private organizations is unconstitutional from the very beginning. When looking at the constitutionality of government programs, it’s not necessary to be a law student, or an “expert” of any kind.  The founding fathers [...]

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