27 Feb 2012 Occupy Occupy D.C. Demands End of Fannie/Freddie Bailout

Members of the National Center for Public Policy Research’s “Occupy Occupy D.C.” street team will stage a rally on Monday at noon in Freedom Plaza to demand an end to the continued taxpayer bailout of quasi-federal mortgage-holders Fannie Mae and Freddie Mac.

“Too many hard-working Americans are having enough trouble paying their own mortgages, along with high fuel bills and rising consumer prices. Why must these people also take on the added expense of the millions of bad home loans that Fannie Mae and Freddie Mac have on their books?” asked David Almasi, executive director of the National Center for Public Policy Research and director of the National Center’s “Occupy Occupy D.C.” project. “Through the quasi-governmental Fannie and Freddie, the federal government now has a virtual monopoly on home loans. As a result, those who made prudent lending decisions must now take on additional debt that they would have never sought on their own. That is not fair. The federal bailout of Fannie and Freddie must end.”