On Friday, Mary Miller, the Department of the Treasury’s under secretary for domestic finance, said that the administration still supports the wind down of Fannie Mae and Freddie Mac. “There is no quick fix solution around this,” Miller said at the National Housing Conference Annual Policy Symposium. “Only legislation can protect taxpayers by responsibly winding down the GSEs and replacing them with a system where a government guarantee is transparent and explicitly priced.” Miller also said that even if rehabilitating the GSEs was possible, recapitalizing the enterprises would be a process that would take “at least” 20 years. “