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Article: REP. PRICE CALLS FOR HEARING ON NEW PLAN FOR FANNIE MAE, FREDDIE MAC
- Article from:
- US Fed News Service, Including US State News
- Article date:
- September 8, 2008
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Rep. Tom Price, R-Ga. (6th CD), issued the following news release:
Rep. Tom Price (GA-06-R) issued the following statement after sending a letter to Rep. Barney Frank (MA-04-D), Chairman of the House Financial Services Committee, asking for a congressional hearing to study the effects of the plan laid out for Fannie Mae and Freddie Mac.
"When dealing with global financial markets and companies whose balance sheets are measured in billions of dollars, overly hasty action can have dangerous consequences," said Rep. Price. "We must first understand the consequences from this massive housing bailout rushed through Congress before the ...