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Bill would be bad for stockholders

Daily Commet

April 29, 2014, by Michael Mitternight

Louisiana is finally beginning a slow recovery from the housing crisis of a few years ago.

Unfortunately, just as things start to improve, some elected officials in Washington, D.C., are pushing legislation that could have a detrimental effect on that upswing.

Proposed legislation by Sens. Tim Johnson, D-N.D., and Mike Crapo, R-Idaho, the Johnson-Crapo Bill, is well-intended to offer reform to two government sponsored enterprises, Fannie Mae and Freddie Mac.

I agree some manner of reform is probably a good thing.

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