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Fannie-Freddie a Top Focus If Democrats Win House, Waters Says

Fannie-Freddie a Top Focus If Democrats Win House, Waters Says

Fannie-Freddie a Top Focus If Democrats Win House, Waters SaysRepresentative Maxine Waters said fixing Fannie Mae and Freddie Mac would top her list of priorities if Democrats take control of the House in this year’s mid-term elections and she becomes leader of the Financial Services Committee next year. Waters, the top Democrat on the powerful House panel, would be in line to take the chairmanship if Republicans are swept out of power. Lawmakers have wrestled over what to do with Fannie and Freddie since the mortgage-finance giants were taken under U.S. control as credit markets collapsed in 2008.

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