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Federal Reserve Chairman Alan Greenspan has spoken out again in favor of limits on the multi-million dollar portfolio holdings of the two biggest players in the mortgage game, Freddie Mac and Fannie Mae.

In remarks prepared for delivery via satellite to a housing conference in Atlanta, the Chairman restated his belief that Congress should put stringent limits on the two Government Sponsored Enterprises (GSEs) which together hold mortgages and mortgage backed securities valued at about $1.5 trillion. Their combined holdings 15 years ago were $132 billion. Greenspan stated that these holdings were far above that needed to allow the two corporations to fulfill their respective housing missions.