Barney Frank: 'Abolish Fannie and Freddie'

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Rep. Barney Frank (D-MA), chairman of the House Financial Services Committee, told CNBC's Larry Kudlow that he opposes any more government housing stimulus. He also said he favors putting an end to Fannie and Freddie. "I hope by next year, we'll have abolished Fannie and Freddie," Rep. Frank said.

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