HOME |
ABOUT REP. BACHUS |
MEDIA |
GOP MEMBERS |
SUBCOMMITTEES |
ISSUE BRIEFS |
ACHIEVEMENTS |
HEARINGS/MARKUPS |
LINKS |
MAJORITY |
CONTACT US |
Republican Plan To End The Bailout Of Fannie Mae and Freddie Mac View the plan here |
7-21-10, Bachus: How Many More Reasons Do The Democrats Need Before Acting On Fannie And Freddie? |
July 21, 2010
WASHINGTON - Financial Services Committee Ranking Member Spencer Bachus made the following statement regarding the quarterly report to Congress by the Special Inspector General for the Troubled Asset Relief Program (SIGTARP). The SIGTARP found that taxpayers stand behind $6 trillion of Fannie Mae and Freddie Mac's debt obligations. Additionally, the SIGTARP reported that Treasury's commitment to non-TARP programs, including the purchase of GSE-related assets, student loans, and the support of the IMF's bailout of Greece, substantially increased from $257.1 billion to $533.5 billion. |