Treasury to hold conference on Fannie, Freddie

Yahoo Finance (AP) ^ | July 27, 2010 | Alan Zibel

[Cheap_Hessian]

WASHINGTON (AP) -- The Obama administration, which has been under fire for not developing a concrete plan for mortgage giants Fannie Mae and Freddie Mac, says it will hold a conference in next month to discuss their future.

The administration said Tuesday the event will be held Aug. 17 at the Treasury Department.

The financial overhaul signed by President Barack Obama didn't address their future, despite protest from Republicans that it was incomplete without a plan for the two companies. The Obama administration has said it wants to wait until next year to determine their future.

So far stabilizing the pair of mortgage buyers has cost taxpayers $145 billion.

[BigFinn]

"If it isn't broke don't fix it..." a little reminder of who is still running the show...

[capydick]

The administration said Tuesday the event will be held Aug. 17 at the Treasury Department.

No sense of urgency whatsoever.

[Nachum]

The list, ping