Tuesday, January 09, 2007

Yahoo! - "US House will pass GSE reform in '07 - Rep. Frank" (1-3-07)

"The U.S. House of Representatives will pass legislation this year that will create a new regulatory regime for mortgage finance companies Fannie Mae and Freddie Mac , the incoming leader of the House Financial Services Committee said on Wednesday."

"The Treasury, Federal Reserve Board and White House have all said the companies' investment portfolios are dangerously bloated."

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