Tags: Bachus | White-House | Delays | Reform | Fannie | Freddie | obama

Bachus: White House Delays Reform of Fannie, Freddie

By    |   Wednesday, 02 Feb 2011 09:26 AM

The Obama administration is showing reluctance to reform the troubled mortgage agencies Fannie Mae and Freddie Mac, says House Financial Services Chairman Spencer Bachus, R-Ala. He made his comments after the White House missed a Jan. 31 deadline for its report on housing finance reform, The Hill reports.

90792435(2).jpgThe delay proves the Obama administration "cannot make any tough choices required to protect taxpayers and end the bailout of Fannie and Freddie," says Bachus, whose committee will be a major player in restructuring the government’s role in housing.

"Taxpayers do not need more empty promises for reform, they need a real plan to stop the administration and Treasury Department from throwing more taxpayer dollars down the Fannie and Freddie rat hole."

© 2017 Newsmax Finance. All rights reserved.

   
1Like our page
2Share
StreetTalk
The Obama administration is showing reluctance to reform the troubled mortgage agencies Fannie Mae and Freddie Mac, says House Financial Services Chairman Spencer Bachus, R-Ala. He made his comments after the White House missed a Jan. 31 deadline for its report on housing...
Bachus,White-House,Delays,Reform,Fannie,Freddie,obama,bernanke
120
2011-26-02
Wednesday, 02 Feb 2011 09:26 AM
Newsmax Inc.
 

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved