SEARCH
« Death Threats Target California Governor Jerry Brown | Main | Settlement Reached in FEMA Trailer Suit »
Saturday
Jan222011

Obama Administration May Delay Fannie-Freddie Proposal

Photo Courtesy - Getty Images(WASHINGTON) -- The government may not release a proposal on the restructuring of Fannie Mae and Freddie Mac before the Congressional deadline of Jan. 31.

The overhaul of Fannie and Freddie has been a delicate and urgent issue, with much debate concerning the extent of government regulation. The Dodd-Frank Law was the most sweeping legislation prompted by the recession, but it failed to offer a solution to the mortgage monopolies.

The Obama administration has been preoccupied with the State of the Union address, and reportedly plans to releasing the so-called "white paper" the week of Feb. 7, according to The Financial Times.

Copyright 2011 ABC News Radio

Reader Comments

There are no comments for this journal entry. To create a new comment, use the form below.

PostPost a New Comment

Enter your information below to add a new comment.

My response is on my own website »
Author Email (optional):
Author URL (optional):
Post:
 
Some HTML allowed: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <code> <em> <i> <strike> <strong>






ABC News Radio