Tuesday, May 11, 2010

Fannie and Freddie: Too Complicated To Address?

Paul Kanjorski appears on CNBC and says that Fannie and Freddie are too complicated to address. Fannie and Freddie have now cost taxpayers $145 billion to bail them out, and the Democrats are ignoring the need to reform the GSEs. CNBC Rick Santelli fires back to Kanjorski: "You think taxpayers that go to work to pay the money you are subsidizing, it will end up a half a trillion, do you think they think complicated is an excuse?"

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