The Obama administration held a conference Tuesday about how to reform mortgage giants Fannie Mae and Freddie Mac. Reform could involve adding Fannie and Freddie's roughly $5 trillion in obligations, in effect, to the federal balance sheet.
Treasury Secretary Tim Geithner (r.) and the National Urban League's Marc Morial watch as PIMCO's Bill Gross speaks during the Obama administration's Conference on the Future of Housing Finance in the Cash Room of the Treasury Building in Washington, Tuesday. The Obama administration turned its focus on what to do with mortgage giants Fannie Mae and Freddie Mac.
Jason Reed/Reuters
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