It is time for GSEs to give up ties to the federal government that have made them poster children for corporate welfare, said consumer advocate and Green Party presidential candidate Ralph Nader at the most recent hearing on a bill that would strengthen regulation of the government sponsored enterprises.

Consumer groups led the charge at the third hearing on the bill last week, which would strengthen regulation of the government sponsored enterprises - Fannie Mae, Freddie Mac, and the Federal Home Loan Bank System. Minority and low-income homeowners shortly became the focus of the hearing on HR 3703 - The Housing Finance Regulatory Improvement Act.

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