White House, Lawmakers Disagree on New Oversight (Fannie/Freddie)

[cthrumatrix]

White House, Lawmakers Disagree on New Oversight

By Kathleen Day
Washington Post Staff Writer
Wednesday, October 8, 2003; Page E01


The Bush administration is at odds with the Republican-controlled House Financial Services Committee over legislation to impose tougher oversight over the nation's two largest funders of home loans, Fannie Mae and Freddie Mac.

The dispute dims prospects for quick passage of a bill at a time when recent accounting scandals at Freddie Mac have focused attention on the need for better policing of the two financial giants, government and industry officials said yesterday.

A senior Treasury Department official called the legislation a weak effort that preserves the status quo. The comments threw into question compromises carefully crafted over the past week. A committee meeting scheduled for today to make final changes before sending it to the floor of the House was postponed yesterday evening.

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http://www.washingtonpost.com/wp-dyn/articles/A58839-2003Oct7.html

Move Fannie/Freddie under the treasury to "hide" the problems...more regulation....I think we know the answer

[damnraddem]

1. Maybe Dubya can talk the House GOP leadership into accepting ...

Turkish troops in the Capitol.