WASHINGTON, DC - MARCH 29: Rep. Steve Pearce (R-NM) speaks during a news conference to introduce a GOP-sponsored Fannie Mae and Freddie Mac reform plan at the U.S. Capitol March 29, 2011 in ... more 
WASHINGTON, DC - MARCH 29: Rep. Steve Pearce (R-NM) speaks during a news conference to introduce a GOP-sponsored Fannie Mae and Freddie Mac reform plan at the U.S. Capitol March 29, 2011 in Washington, DC. In the form of eight bills, the House Republican legislation would work toward shrinking the taxpayer-backed mortgage giants' role in the housing market by reducing their mortgage investments and end requirements that direct a portion of their business to low- and moderate-income housing, among other reforms. (Photo by Chip Somodevilla/Getty Images) less 
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Getty Images | Photo By Chip Somodevilla / Getty Images
Tue, Mar 29, 2011 10:06 PM EDT