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2010-03-29 — washingtonpost.com
BY NOW, the Obama administration was supposed to have a plan to reform Fannie Mae and Freddie Mac, the "government-sponsored" mortgage finance enterprises (GSEs) that have been under federal control -- and absorbing $126 billion in federal cash -- for the past 19 months. But last week Treasury Secretary Timothy F. Geithner told the House Financial Services Committee that all he can promise is a "public comment" period starting April 15, in which the various housing interest groups -- and there are a lot of them -- can submit their ideas. Thereafter, at an unspecified "time of greater market stability," legislation can be drafted, introduced and passed. In short, after a year of discussion, Mr. Geithner promises more discussion. source article | permalink | discuss | subscribe by: | RSS | email Comments: Be the first to add a comment add a comment | go to forum thread Note: Comments may take a few minutes to show up on this page. If you go to the forum thread, however, you can see them immediately. |