Two key Republicans are urging the U.S. 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 Government Report, and Jim Jordan, ranking member of the Subcommittee on Domestic Policy, criticized U.S. Treasury Secretary Timothy Geithner’s statement last week that specific legislative proposals to overhaul the two companies were unlikely before 2011.
Republicans Want Hearing on Fannie/Freddie Bailout
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