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Finances // Top Stories // Top Stories // Geithner: No change to Fannie, Freddie until 2011 (AP)

Posted on Wed, 24 Feb 2010 20:48:50 GMT

Geithner: No change to Fannie, Freddie until 2011 (AP)

Treasury Secretary Tim Geithner, right, and IRS Commissioner Doug Shulman talk to the media after taking a tour of the damaged Echelon office building in Austin, Texas, on Monday, Feb. 22, 2010.  (AP Photo/Jack Plunkett)AP - The Obama administration will wait until 2011 to propose an overhaul of mortgage giants Fannie Mae and Freddie Mac, Treasury Secretary Timothy Geithner said Wednesday, arguing that he wanted to put some distance between a new system and what he called "the worst housing crisis in generations."

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