Geithner plans to outline structural change for Fannie, Freddie

03/23/2010 | Bloomberg · Wall Street Journal, The

Treasury Secretary Timothy Geithner is set to discuss the future of Fannie Mae and Freddie Mac before a congressional panel. Mr. Geithner plans to tell the committee that the structure of the mortgage giants must change. "The housing-finance system cannot continue to operate as it has in the past," according to Mr. Geithner's prepared testimony. The Obama administration will discuss principles for the mortgage market.

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Bloomberg · Wall Street Journal, The

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