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Showing posts with the label housing plan

Obama housing plan needs more than okay from Republicans

In the first two years of his presidency, it appeared sometimes that Obama was the only one working.   Whenever there was something that needed to happen, everyone looked to him to step up to the podium and open his mouth.   I think that this is about to change because now it appears that those selected to help him is now stepping forward.   In an article by Associated Press writer Alan Fram titled Key House Republican praises Obama housing plan , Treasurer Secretary Timothy Geithner is reported to have addressed Congress with a plan to begin reducing taxpayer’s risk in Fannie Mae and Freddie Mac.   It reported that “the Obama administration's plan to gradually dissolve ailing housing giants Fannie Mae and Freddie Mac and to shrink the government's role in the mortgage market.”     "Our hope is Congress will work with us to find a consensus for a long-term solution," Geithner told the lawmakers.   "You don't want to run a system where the taxpayer is...