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Washington
Inside Washington (09/09/2008)
* WASHINGTON (9/10/08)--Congress and policymakers are working to decide the futures of Fannie Mae and Freddie Mac after the government placed the two housing giants into conservatorship over the weekend (The New York Times Sept. 9). It could be at least a year before Congress and the new president decide on a new role for Fannie and Freddie. Some Treasury Department officials said they would like to use the two as public utilities, regulating their profits and activities and reducing their investment portfolios. Democratic lawmakers would like to see Fannie and Freddie help provide more affordable housing. Free-market theorists would like to break up the two companies or liquidate them after the housing crisis has ended. The issue will not be worked out until the new president is elected and the Senate meets on the institutions’ rescue ... * WASHINGTON (9/10/08)--The Treasury Department will launch its multimedia campaign on consumer credit Sept. 16. The department will debut TV spots, radio spots and a new website, www.controlyourcredit.gov, targeted at young adults ...


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