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Barney Frank: Fannie And Freddie "Should Be Abolished"

"I think they should be abolished," Rep. Barney Frank (D-MA) said of Fannie Mae and Freddic Mac to Fox Business Network's Neil Cavuto in an evening interview. "The only question is what do you put in their place. This is a situation where given the importance they had come to play in housing, you can't tear down the old jail until you build a new one."

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