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The Government Says
Unofficial blog of briefings from the Whitehouse. Based on DowningStreetSays.com.

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Q And just to follow up on that, about the administration not being anxious to take that step, why is that? Could you flesh out a little bit more what the concern is or why this is a step that the administration was hesitant to take?

MS. PERINO: Well, going back years, this administration has advocated for reforms of Fannie Mae and Freddie Mac. Congress has been reluctant to move forward on those for many years, and in fact, didn't even take it real seriously until this crisis emerged -- and we finally got some of that legislation I think in early August or late July.

The reason that we're -- we didn't want to have to take this action is we prefer for Congress to take care of its own business. Remember, these are congressionally chartered companies, and it's appropriate that Congress have a role in saying how they're going to move forward in the future. And that's why Congress will have a chance when they get back over this next period and also into the next administration to decide how to move forward with them.

seen at 09:00, 8 September in Whitehouse Press Briefings. Email this to a friend.
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