Bipartisan Support Not Enough For Fannie and Freddie Reform
Congress is pretty much in agreement across political lines that Fannie Mae and Freddie Mac must be reformed and lessen their involvement in the markets. Two new bills and a bunch of hearings are in the works. However, it’s probably “much ado about nothing,” at least in the short term. The many factors to be considered and debated are just too complex and the general consensus is that not much is going to get done any time soon.
Congress is pretty much in agreement across political lines that Fannie Mae and Freddie Mac must be reformed and lessen their involvement in the markets. Two new bills and a bunch of hearings are in the works. However, it’s probably “much ado about nothing,” at least in the short term. The many factors to be considered and debated are just too complex and the general consensus is that not much is going to get done any time soon.