Key House Republican praises Obama housing plan (AP) – 157th Edition

2 03 2011

Treasury Secretary Timothy Geithner testifies on Capitol Hill in Washington, Tuesday March 1, 2011, before the House Financial Services Committee. (AP Photo/Jose Luis Magana)AP – The Obama administration’s plan to gradually dissolve ailing housing giants Fannie Mae and Freddie Mac and to shrink the government’s role in the mortgage market drew praise from House Republicans on Tuesday. The GOP chairman of the House Financial Services Committee called the proposal a good starting point for bipartisan negotiations over a housing overhaul.

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