Congress Is Primed to Address Crisis Over Mortgages

By Charlene Carter
CongressNow Staff
Sept. 24, 2007, 12 a.m.

The subprime mortgage crisis that threatens to send 2 million mortgages worth an estimated $500 billion into default has some lawmakers looking to the Federal Housing Administration and government-sponsored entities Fannie Mae and Freddie Mac as possible saviors for the shaky housing market.



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Schumer Advocates for Many on Panel

Nov. 16, 12 a.m.

As Senate Majority Leader, Lyndon Johnson once said of the Joint Economic Committee, “It’s as useless as tits on a bull.” But as that panel’s chairman during the 110th Congress, Sen. Charles Schumer (D-N.Y.) seized the opportunity to elevate the traditionally low-profile post to the forefront of shaping policy. Read Full Article

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