Former Banker Quells Rumors about Gubernatorial Bid

WASHINGTON — Former banker John Delaney, now a Maryland congressman, downplayed speculation over the weekend that he is considering a gubernatorial run in his home state.

The freshman Democrat and member of the House Financial Services Committee, who founded the commercial lender CapitalSource, acknowledged that some in the state have urged him to run for higher office. But he suggested that he is planning to stay in Congress.

"Many people I trust and respect have asked me to consider running for governor, and of course I always think about where I may best serve," Delaney said in a statement on Saturday. "But I love my job, and my expectation is that I will continue to serve in Congress and represent my district."

Delaney, who has expressed a keen interest in housing finance reform, is developing a plan to overhaul Fannie Mae and Freddie Mac with Reps. Jim Himes, D-Conn., and John Carney, D-Del. Their plan is based on the reinsurance system at Ginnie Mae and would involve both government and private sector support.

In order to run in the gubernatorial race this year, Delaney would have to file papers and choose a running mate by Feb. 25, according to the Washington Post.

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