White House Sets Forth Plan To Limit Size of Fannie, Freddie

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Oxley's committee is slated on Wednesday to consider legislation that would create a more powerful regulator for Fannie and Freddie.

The Senate is expected to consider a similar bill in late June, part of a legislative backlash to accounting scandals at the two companies.

See more on this story at:
http://www.washingtonpost.com/wp-dyn/content/article/2005/05/19/AR2005051901782.html

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