Eliminate Fannie & Freddie

Earlier this month both Fannie and Freddie reported huge quarterly losses and asked the government for more $7.6 BILLION for the former and $6 BILLION for the latter. Taxpayer have already forked over $169 BILLION or so with no end in sight. What is really concerning is this didn't get alot of publicity and little discussion about what needs to happen. We have the government basicly controlling 90% of the mortgage market; no wonder we have a housing crisis! A plan to phase out Fannie and Freddie and turn over the mortgage market to the private sector is essential to the recovery of the housing market and to eliminating the ongoing sink holes with Freddie and Fannie. GOP candidates must embrace this plan.