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>>

  • To many Americans, Memorial Day has lost its meaning

    To many Americans, Memorial Day has lost its meaning

    Sunday, May 28 2017 12:46 PM EDT2017-05-28 16:46:54 GMT
    Sunday, May 28 2017 12:46 PM EDT2017-05-28 16:46:54 GMT

    While millions of Americans celebrate the long Memorial Day weekend as the unofficial start of summer, some veterans and loved ones of fallen military members wish the holiday would command more respect.

    While millions of Americans celebrate the long Memorial Day weekend as the unofficial start of summer, some veterans and loved ones of fallen military members wish the holiday would command more respect.

  • Trump eyes White House overhaul, outside lawyers and PR team

    Trump eyes White House overhaul, outside lawyers and PR team

    Sunday, May 28 2017 12:45 PM EDT2017-05-28 16:45:39 GMT
    Sunday, May 28 2017 12:45 PM EDT2017-05-28 16:45:39 GMT

    Trump faces a slew of political and policy challenges at home and intensifying inquiries into allegations his campaign had contacts with Russian officials before he entered the White House.

    Trump faces a slew of political and policy challenges at home and intensifying inquiries into allegations his campaign had contacts with Russian officials before he entered the White House.

  • Trump makes G-7 deal on trade, takes rain check on climate

    Trump makes G-7 deal on trade, takes rain check on climate

    Sunday, May 28 2017 12:16 PM EDT2017-05-28 16:16:12 GMT
    Sunday, May 28 2017 12:16 PM EDT2017-05-28 16:16:12 GMT

    A source at the Group of Seven summit says the seven wealthy democracies have reached a deal to give the Trump administration time to tell them whether the United States plans to stay in the Paris climate agreement.

    A source at the Group of Seven summit says the seven wealthy democracies have reached a deal to give the Trump administration time to tell them whether the United States plans to stay in the Paris climate agreement.

Powered by Frankly