Obama Administration Calls for Winding Down Fannie, Freddie
source: http://www.bloomberg.com/news/2011-02-11/obama-administration-calls-for-ultimately-winding-d...
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- Schnookums
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U.S. Treasury Secretary Timothy F. Geithner presented Congress with a set of options for weaning the $11 trillion mortgage market from its dependence on the government, while calling for changes to be phased in “responsibly and carefully” to avoid economic disruptions.
The report delivered today by Geithner and Housing and Urban Development Secretary Shaun Donovan presents three approaches for a future housing finance system. It also calls for the government to shrink “and ultimately wind down” Fannie Mae and Freddie Mac, the bailed-out government-sponsored enterprise companies that helped fuel the housing bubble before being felled by investments in subprime mortgages.
Read more at:
http://www.bloomberg.com/news/2011-02-11/obama-administration-calls-for-ultimate...
The report delivered today by Geithner and Housing and Urban Development Secretary Shaun Donovan presents three approaches for a future housing finance system. It also calls for the government to shrink “and ultimately wind down” Fannie Mae and Freddie Mac, the bailed-out government-sponsored enterprise companies that helped fuel the housing bubble before being felled by investments in subprime mortgages.
Read more at:
http://www.bloomberg.com/news/2011-02-11/obama-administration-calls-for-ultimate...
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- Economy, Business, Banks, Fannie Mae, 2 more
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ThatCrazyLibertarian [removed]
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ThatCrazyLibertarian [removed]
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Dagum
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I was wondering when they were finally going to get around to dealing with Fannie Mae and Freddie Mac. It is going to be interesting to see what happens to these proposals as they make their way through the legislative process.
- 1 year ago
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Dagum
