Wall Street Journal: Ads Claim Fannie, Freddie Overhaul Is ‘Obamacare for the Mortgage Industry’

A conservative group is labeling bipartisan proposals to overhaul Fannie Mae and Freddie Mac “Obamacare for the mortgage industry” in a new $1.6 million ad campaign.

The campaign, which targets seven senators for their support of the overhaul, argues that the plans would harm shareholders of the bailed-out mortgage-finance giants. The position is noteworthy, since conservative organizations haven’t traditionally come to the defense of Fannie and Freddie.

The Wall Street Journal
– Nick Timiraos