Bachus: Democrats Continue to Drag Their Feet on Reforming Fannie Mae, Freddie Mac
WASHINGTON,
July 27, 2010
- Financial Services Committee Ranking Member Spencer Bachus made the following statement today regarding the announcement by the Administration that it will convene a conference on the future of housing finance next month.
"The Administration continues to drag its feet in providing Americans with a much-needed exit strategy from Fannie Mae and Freddie Mac. Instead of ending the GSE bailout, the Administration has twice increased its size and scope, costing the taxpayers $145 billion and counting.
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