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Author Topic: Geithner - "fundamental reform" of govt. role in housing finance NEXT YEAR  (Read 1015 times)
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WhiskeyGirl
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« on: March 21, 2010, 10:12:40 AM »

US Treasury's Geithner testifies Mar 23 on housing
Fri Mar 19, 2010 2:35pm EDT
Related News

    * U.S. House GOP calls for Fannie, Freddie phase out
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    * Geithner urges reform on housing finance market
      Wed, Mar 10 2010

WASHINGTON, March 19 (Reuters) - U.S. Treasury Secretary Timothy Geithner will testify March 23 on housing finance before the U.S. House of Representatives Financial Services Committee, a Republican aide to the committee said on Friday.

This week Geithner told lawmakers "fundamental reform" of the government's role in the housing finance market is needed but that it will be next year before proposals are ready for Congress.

The hearing will take place at 10:00 a.m. (1400 GMT). (Reporting by Nancy Waitz; Editing by James Dalgleish)

more here - http://www.reuters.com/article/idUSN1910171420100319

A few things that come to mind - all of IndyMac will have been foreclosed.  Taxpayers will be out of trillions, money to OneWest.

What's left but the debt.

Who made those deals for IndyMac?  Goldman alumni? 

If housing finance/mortgages caused the bubble, why isn't this the first thing being reformed?

Why wait until after all the IndyMac deals are made?

Who's looking out for Americans?  Goldman Sachs?  Soros?
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