House Financial Services Committee Ranking Member Rep. Spencer Bachus has made the following statement regarding the announcement by the Obama Administration that it will convene a conference on the future of housing finance in August: "The Administration continues to drag its feet in providing Americans with a much-needed exit strategy from Fannie Mae and Freddie Mac. Instead of ending the GSE bailout, the Administration has twice increased its size and scope, costing the taxpayers $145 billion and counting.Click to continue
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