WASHINGTON — U.S. Sen. Mark R. Warner (D-VA) released the following statement today on President Obama’s remarks on housing finance reform during a speech in Phoenix, AZ. On June 25th, Sen. Warner introduced bipartisan legislation to strengthen the housing finance system by replacing Fannie Mae and Freddie Mac with a with a streamlined, privately-capitalized system that preserves market liquidity and protects taxpayers from bailouts during any future economic downturns
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