Huffpost Business

Obama Admin Too Busy To Deal With Fannie, Freddie, Says Assistant Treasury Secretary

Posted: Updated:

The Washington Post reports that according to Michael Barr, the assistant Treasury secretary for financial institutions, the Treasury Department has been meeting with the White House and the Department of Housing and Urban Development "to develop principles for overhauling Fannie Mae and Freddie Mac" and wind down the bailout. The principles include proposals that would help American families through the downturn -- one, for instance, would "ensure borrowers could still get mortgages even when the private market is no longer offering loans" -- but despite missed deadlines, "So far, Barr said, the administration has been too busy to build out the principles."

Read the whole story at

Around the Web

Industry Seeks Fannie, Freddie Overhaul -

Fannie, Freddie overhaul to wait - The Boston Globe

Don't Hold Your Breath on Fannie, Freddie Overhaul - Developments ...

House GOPs: Where are Obama's Fannie Mae and Freddie Mac overhaul plans?

The Fannie-Freddie waiting game