Topic: Fannie Mae
Geithner urges reform on housing finance market
Reuters US Online Report Business News
WASHINGTON (Reuters) - Treasury Secretary Timothy Geithner said on Wednesday that "fundamental reform" of the government's role in the housing finance market is needed and it will be next year before proposals are ready for Congress. He told a House of Representatives appropriations subcommittee that principles to guide reform of ...
Bailed-out U.S. financial stocks surge
Reuters US Online Report Business News
NEW YORK (Reuters) - The shares of companies bailed out by the U.S. government during the financial crisis surged on Tuesday, fueled by speculation about money-making asset sales, cheap valuations and a recovery. Citigroup Inc <C.N> stock rose as much as 8.4 percent after a prominent ...
Treasury restates support for Fannie, Freddie
AP News
Gov't restates support for Fannie Freddie after lawmaker's comments rattle investorsThe Treasury Department was forced Friday to reiterate its financial support for Fannie Mae and Freddie Mac after a key lawmaker rattled investors by pointing out that their debt does not enjoy the explicit guarantee of the federal ...
Republicans want hearing on Fannie/Freddie bailout
Reuters US Online Report Politics News
NEW YORK (Reuters) - Two key Republicans are urging the House of Representatives to speed up a public hearing to investigate the administration's bailout of home funding giants Fannie Mae and Freddie Mac. In a letter dated March 1, Rep. Darrell Issa, ranking member of the Committee on Oversight and ...
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