Waxman On Fannie/Freddie Bailout: “Must Be Conditions Imposed”

[WillyT]

Waxman On Fannie/Freddie Bailout: “Must Be Conditions Imposed”
By: David Dayen Monday January 4, 2010 9:15 am

<snip>

In addition to discussing health care legislation, Henry Waxman fielded questions on a wide variety of subjects yesterday. One of them, written by a loyal FDL reader, concerned the Treasury Department’s uncapping of the debt limit for mortgage giants Fannie Mae and Freddie Mac. While Waxman didn’t appear to know much about the decision, his initial reaction was pretty interesting.

“I don’t like the idea of a blank check,” said Waxman, the chair of the House Energy and Commerce Committee. “What’s even more troubling about this is that Fannie and Freddie are given the imprimatur of being a government entity when they’re not. So I don’t like blank checks. There must be conditions imposed.”

Rep. Dennis Kucinich has promised oversight hearings on the lifting of the cap, which he questioned as possibly “a back-door TARP”. Kucinich now apparently has an ally in Henry Waxman.

<snip>

Link: http://news.firedoglake.com/2010/01/04/waxman-on-fanniefreddie-bailout-must-be-conditions-imposed/

:woohoo:

[MNDemNY]

1. That Waxman, he's in cahootz with the republicans!!!!

[LiberalAndProud]

2. Please let us keep our Dem majority. Please?

We need this kind of oversight from Kucinich. If we had only had such an advocate through the Bush years, we'd be so much better off.

[slipslidingaway]

3. knr nt

[LiberalAndProud]

4. .

:kick: