Home > News>Pelosi Statement on Fannie Mae and Freddie Mac
Pelosi Statement on Fannie Mae and Freddie Mac
Saturday, September 6, 2008
Contact:Brendan Daly/Nadeam Elshami, 202-226-7616
Washington, D.C. -- Speaker Nancy Pelosi issued the following statement on pending action by the Treasury Department regarding Fannie Mae and Freddie Mac:
"I spoke today with Treasury Secretary Henry Paulson on the depth of the housing finance crisis, in which millions of families are losing their homes. I told him it is essential that any steps taken by the Treasury Department must restore investors’ confidence in the housing market and allow Fannie Mae and Freddie Mac to continue their mission of providing access to affordable mortgages for lower- and middle-income Americans, and in a way that protects the interests of the taxpayers.
"In the coming weeks, I look forward to working in a bipartisan manner with Secretary Paulson and other Administration officials and congressional leaders in reviewing the implications of action taken this weekend to ensure that the interests of taxpayers and the broader economy are protected."
