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On Site Coverage: Candidates Back Changes to Fannie and Freddie

DENVER -- Both Democratic presidential nominee Barack Obama and likely GOP nominee John McCain say they want to make changes to the status quo regarding mortgage buyers Fannie Mae and Freddie Mac.

By Claude R. Marx | Updated on August 28, 2008

DENVER — Both Democratic presidential nominee Barack Obama and likely GOP nominee John McCain say they want to make changes to the status quo regarding mortgage buyers Fannie Mae and Freddie Mac.

“I think long-term what we have to do is, we have to go ahead and make a decision, if these are public entities, then maybe they ought to get out of the profit-making business. And if they’re private entities we don’t bail them out.”

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