Rep. Richard H. Baker, R-La., roasted a top Treasury official Wednesday for sending Congress a tardy and inconclusive report on whether the government should cut its ties to Fannie Mae and Freddie Mac.

"It seems that after more than two years of study we have a report that says, 'Standing still is risky, and doing something is risky,'" Rep. Baker told Lawrence H. Summers, the deputy Treasury secretary, at a hearing before the capital markets subcommittee of the House Banking Committee.

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