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Kanjorski Calls Hearing to Assess the Current State of Fannie Mae and Freddie Mac
Washington, DC - Congressman Paul E. Kanjorski (D-PA), Chairman of the House Financial Services Subcommittee on Capital Markets, Insurance, and Government Sponsored Enterprises, today announced that the Subcommittee will hold a hearing to examine the current state of Fannie Mae and Freddie Mac, and assess the options and principles for the structure of government-sponsored enterprises in the future.
"Fannie Mae and Freddie Mac are extremely important institutions in our nation's housing finance system," said Chairman Kanjorski. "As I have said in the past, Congress must closely monitor Fannie Mae and Freddie Mac while they are under conservatorship. We must ensure that taxpayer money is being spent in the most effective manner, and by doing so, we will protect homeowners, homebuyers, taxpayers, and other regulated financial institutions. In addition to this necessary oversight, it is also important for Congress to begin the long-term debate on how Fannie Mae and Freddie Mac will be structured going forward, after we stabilize the economy. Our hearing will therefore examine both of these matters."
Who: Subcommittee on Capital Markets, Insurance, and Government Sponsored Enterprises
What: Subcommittee hearing on the "The Present Condition and Future Status of Fannie Mae and Freddie Mac"
When: June 3, 2009
2:00 p.m.
Where: 2128 Rayburn House Office Building
Witness List
Panel 1
* The Honorable James B. Lockhart, III, Director, Federal Housing Finance Agency
* Mr. Edward J. DeMarco, Chief Operating Officer and Senior Deputy Director for Housing Mission and Goals, Federal Housing Finance Agency
* Mr. Christopher Dickerson, Deputy Director for Enterprise Regulation, Federal Housing Finance Agency
Panel 2
* The Honorable Bruce A. Morrison, Chairman, Morrison Public Affairs Group
* The Honorable Susan M. Wachter, Richard B. Worley Professor of Financial Management, The Wharton School, University of Pennsylvania
* Ms. Frances Martinez Myers, Senior Vice President, Fox & Roach/Trident, LP, on behalf of the National Association of Realtors
* Dr. Lawrence J. White, Arthur E. Imperatore Professor of Economics, Leonard N. Stern School of Business, New York University
* Mr. Michael D. Berman, CMB, Vice Chairman, Mortgage Bankers Association
* Mr. Joe Robson, Robson Companies and Chairman of the Board, National Association of Homebuilders
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