Industry News

Greenspan tells Congress to act on Fannie, Freddie

Fed chief supports stronger regulator, new financial controls
Published on Feb 24, 2004

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by CareyBot

Federal Reserve Chairman Alan Greenspan today told a Congressional committee that Congress needs to take action to improve the regulatory oversight of Fannie Mae and Freddie Mac. The two giant government-sponsored entities securitize and resell or own a substantial portion ...