House GOP Asks DOJ to Investigate Role of Fannie, Freddie and CRA in Current Crisis
October 23, 2008
Partisan squabbling erupted in Congress this week after Rep. Spencer Bachus, R-AL, ranking minority member of the House Financial Services Committee, joined other House Republicans in asking the Department of Justice to investigate how Fannie Mae, Freddie Mac and the Community Reinvestment Act may have contributed to the current financial crisis. “At the center of the troubles in...
The creation of a U.S. sovereign wealth fund could grease the skids for an end to the conservatorships of Fannie Mae and Freddie Mac.
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