Administration Reform Plan Will Call For 'Fundamental Change,' Barr Says

摘要

The Obama Administration will submit a comprehensive reform proposal for Fannie Mae, Freddie Mac, and the housing finance system to Congress by January that will call for "fundamental change," said Michael S. Barr, assistant secretary of the treasury for financial institutions.rnBarr outlined the goals and principles of the reform plan in testimony at a September 15 hearing of the House Financial Services Committee's subcommittee on capital markets, insurance, and government-sponsored enterprises (GSEs).