It looks like the hard-line GSE reform hawks are granting no quarter to Fannie Mae and Freddie Mac after their stunning rout 10 days ago, when the Treasury Department and the Federal Housing Finance Agency placed the two GSEs into conservatorship, took over their operations, and banned the powerful lobbying forces from the K Street ring. The FHFA went one step further early this week...
The creation of a U.S. sovereign wealth fund could grease the skids for an end to the conservatorships of Fannie Mae and Freddie Mac.
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