Here’s where Newt stands on Freddie and Fannie....and opening the way for jobs...
“Remove obstacles to job creation imposed by destructive and ineffective regulations, programs and bureaucracies. Steps include”:
- Repealing the Sarbanes-Oxley Act,... which did nothing to prevent the financial crisis and is holding companies back from making new investments in the U.S.
- Repealing the Community Reinvestment Act,... the abuse of which helped cause the financial crisis.
- Repealing the Dodd-Frank Law... which is killing small independent banks, crippling loans to small businesses and crippling home sales.
- Breaking up Fannie Mae and Freddie Mac,.... moving their smaller successors off government guarantees and into the free market.
- Replacing the Environmental Protection Agency with an Environmental Solutions Agency that works collaboratively with local government and industry to achieve better results.
- Modernizing the Food and Drug Administration to get lifesaving medicines and technologies to patients faster.