Neugebauer statement on Obama administration plan - KCBD NewsChannel 11 Lubbock

Neugebauer statement on Obama administration plan

WASHINGTON, D.C. (Press Release) - Congressman Randy Neugebauer (R-TX) Chairman of the House Financial Services Subcommittee on Oversight and Investigations issued the following statement today concerning the Department of the Treasury's Report to Congress regarding Fannie Mae and Freddie Mac:

"I am encouraged with the Obama Administration's acknowledgement that there needs to be significantly more private market participation and private capital in the housing finance market, and their proposed steps to wind down Fannie Mae and Freddie Mac. There are many aspects of the plan that are aligned with my own suggestions.

"We must now roll up our sleeves and get to work. For every day we do not do so, the taxpayers will continue to suffer terrible losses from Fannie and Freddie in their current state. Congress, together with the Administration, must act quickly and effectively to plug this drain on American's pocketbooks. Make no mistake, the days of the U.S. Government's involvement in the home mortgage market should be numbered."

©2011 KCBD NewsChannel 11. All rights reserved.

  • Local News on KCBD.comNewsMore>>

  • Olympic gymnastics ex-doctor pleads guilty to sex charges

    Olympic gymnastics ex-doctor pleads guilty to sex charges

    Wednesday, November 22 2017 1:51 AM EST2017-11-22 06:51:40 GMT
    Thursday, November 23 2017 9:37 AM EST2017-11-23 14:37:12 GMT

    Olympic gymnasts Aly Raisman, McKayla Maroney and Gabby Douglas are among the women who have publicly said they were among the doctor's victims.

    Olympic gymnasts Aly Raisman, McKayla Maroney and Gabby Douglas are among the women who have publicly said they were among the doctor's victims.

  • Macy's parade begins with balloons, bands and security

    Macy's parade begins with balloons, bands and security

    Thursday, November 23 2017 12:32 AM EST2017-11-23 05:32:23 GMT
    Thursday, November 23 2017 9:35 AM EST2017-11-23 14:35:47 GMT

    The parade will feature heavy security, including officers with assault weapons and portable radiation detectors, sharpshooters on rooftops and sand-filled city sanitation trucks poised as barriers to traffic.

    The parade will feature heavy security, including officers with assault weapons and portable radiation detectors, sharpshooters on rooftops and sand-filled city sanitation trucks poised as barriers to traffic.

  • In terror-wary NYC, security tight for Thanksgiving parade

    In terror-wary NYC, security tight for Thanksgiving parade

    Wednesday, November 22 2017 10:01 AM EST2017-11-22 15:01:53 GMT
    Thursday, November 23 2017 9:35 AM EST2017-11-23 14:35:36 GMT

    Security for the annual Macy's Thanksgiving Day Parade will feature trucks filled with sand, concrete barriers and scores of police officers.

    Security for the annual Macy's Thanksgiving Day Parade will feature trucks filled with sand, concrete barriers and scores of police officers.

Powered by Frankly