“defunding” Fannie and Freddie was ever an issue or would have had any effect on anything - that would have had no effect on the existance of the loans and the securities being traded based on them.
My goodness. You’ve gone off the edge. We just had two loud fights between Congress and Obama on funding. It’s all about funding. Upon gaining the House, Senate and Presidency in 2003, the Republicans could have passed a law that said “No more funding for Fannie and Freddie so we aren’t covering any more loans.” It would have broken the Housing bubble before it started and we’d be much better off today.
Read the constitution.
I have. That's why I understand a U.S. Senator voting for passing a bill into law has responsibility for the bill becoming law. You do not.