Curtain May be Rising on Another GSE Drama

Posted To: MND NewsWire

Bloomberg is reporting there appears to be yet another plan in the long running reality show featuring the government sponsored enterprises or GSEs. Fannie Mae and Freddie Mac, which have been in government conservatorship since 2008, are the perpetual topic of congressional hearings, partisan and non-partisan legislation, shareholder lawsuits, and nearly constant rumors. The latest of the later, for which there appears to be substantiation, is that Senators Bob Corker (R-TN) and Mark Warner (D-VA) are working on a plan that would break each of the two, into several smaller pieces - although it is unclear what form those entities would take. Corker and Warner are both members of the Senate Banking Committee which has a hearing on GSE reform scheduled for later this week. The Bloomberg article...(read more)

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