GOP Sets Sights on Reshaping Reform

(Via Politico)


An all-out assault on government-sponsored loan enterprises, increased oversight of regulatory agencies and retooling the Wall Street regulatory overhaul are on tap if the Republicans retake the House.

GOP lawmakers — looking forward cautiously at leading the House Financial Services Committee in a Republican majority — are planning a slew of hearings delving into past practices and potential changes to Fannie Mae and Freddie Mac, the two federally backed lenders that many consider to be a root cause of the housing meltdown.

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