Academic

BIG FIGHT BREWING: Administration Split Over Fannie/Freddie Strategy. ?The Obama administration is?

By Glenn Reynolds

BIG FIGHT BREWING: Administration Split Over Fannie/Freddie Strategy. “The Obama administration is sorely divided over how to reform Fannie Mae and Freddie Mac, the controversial mortgage giants. Sources familiar with the discussions raise the possibility that the White House will miss its statutory deadline for submitting recommendations to Congress. The dispute pits White House economic advisers, who favor merely offering lawmakers a menu of possible next steps without committing to a specific direction, against officials at the Treasury and Department of Housing and Urban Development, who want to endorse an explicit federal guarantee for the mortgage companies and throw the administration’s support behind it, the sources said.”

Full post as published by Instapundit.com on January 20, 2011 (boomark / email).