Geithner warns a House committee that creating a U.S. mortgage system with less federal...

|By:, SA News Editor

Geithner warns a House committee that creating a U.S. mortgage system with less federal involvement could still put taxpayers at risk, and the government could still be forced to assist troubled banks if the housing market went bust again. He urges Congress to pass legislation overhauling Fannie Mae (FNMA.OB) and Freddie Mac (FMCC.OB) within the next two years.