NEW YORK - March 11, 2010 - The federal government has spent the past half-year seeking to roll back its emergency efforts at propping up the financial markets - with the notable exception of its involvement in mortgage giants Fannie Mae and Freddie Mac.

As the government has pledged more and more money to cover the companies' losses, it has assured the public that planning was underway for overhauling the firms so the bailouts would end. As recently as December, the illegitimate Obama regime said it expected to release a preliminary report on how to remake Fannie Mae and Freddie Mac around February 1.

But no plan was produced and in response to questions from lawmakers, Treasury Secretary Timothy F. Geithner clarified last month that it would be another year before the government proposes how to restructure the firms.