In yesterday’s New York Times, Joe Nocera incisively attacked the persistent falsehood that Fannie Mae and Freddie Mac were “ground zero” for the financial crisis. In “An Inconvenient Truth,” Nocera correctly observed that: “The reality is that Fannie and Freddie…
Commissioner Joseph A. Smith, Jr., North Carolina banking commissioner, will be nominated by the President to be the new head of the Federal Housing Agency, which oversees Fannie Mae, Freddy Mac and the federal home loan banks. This is one…
Today the Treasury Department is hosting a summit designed to explore options for reforming the two housing giants, Fannie Mae and Freddy Mac. Addressing these government-controlled mortgage underwriting organizations is a task that has remained conspicuously absent from the financial…
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