Tuesday, March 31, 2015

Former FDIC chair unleashes sharp critique of Fannie, Freddie treatment

The sweep of Freddie and Fannie profits to Treasury puts taxpayers at a great risk of having to bailout the GSEs if, as FHFA’s OIG suggests, profitability goes south. The latest sounding the warning? The former head of the Federal Deposit Insurance Corp. Think he’s right?



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