Lawmakers seek investigation into Fannie, Freddie changes

12/30/2009 | Wall Street Journal, The

Lawmakers from both parties called for an investigation into the Treasury's move to ease rules and lift a $400 billion limit on government funds available to Fannie Mae and Freddie Mac. "This cannot be used simply to purchase toxic assets at inflated prices, thus transferring the losses to the U.S. taxpayers and acting as a back door [Troubled Asset Relief Program]," Rep. Dennis Kucinich, D-Ohio, said in a statement.

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