One Of The Most Important White Papers Of The Year Receives Delay

By John Vinson
Expert Author
Article Date: 2011-02-03

This could possibly be one of the most important white papers to release this year, and for those in wait will have to go a little longer before reading it.The Obama administration planned to release a white paper detailing the future of housing finance by January 31st. A deadline decided on by Congress.

During the financial crisis, Fannie Mae and Freddie Mac received a $140 billion bailout. Since many have been wanting to see a long term plan put into place by the government, this white paper will act as a guideline from the White House as long term plans are devised.

The events taking place in Egypt, along with the latest State of the Union address have been the reasons the white paper have received a delay. For those who have been anticipating reading it, the release date has been pushed back to February 7th.

The Treasury had this to say, "We're working every day to plot the future of housing finance while acknowledging continued weakness in the housing market."

Many are anticipating what guidelines the Obama administration has developed within the white paper. The argument over the future plans for the housing market have revolved around how active the government will be. Many are anticipating a plan that would active a government back-stop. First allowing the private sector to absorb necessary losses, but would stop the system from collapsing.

Scott Garrett, the Republican chairman of the House financial services subcommittee responsible for the GSEs had this to say, "I don't know how you go to the taxpayers and say that we achieved what we wanted to achieve and that is that you the taxpayers, our constituents, are no longer on the hook for bailing out Wall Street if we set up a system with a guarantee."

Everything at the moment is simply rumors and heresy, until we can actually read the white paper itself. With a week to go, the rumors and heightened anticipation will continue to increase.

For white paper experts, this example provides a lesson to be learned. Always make sure your white paper is 100% ready before release. People certainly don't like to wait for information, but what they like even less is to read something incomplete.

About the Author:
John is a staff writer for WebProNews.