Congress Tries to Pick Up the Pieces After Bipartisan Rescue Plan Unravels
October 2, 2008
The Senate this week approved an elaborate concoction of proposed remedies for the U.S. mortgage market, tossing the fate of an ambitious, broad-based federal intervention in the capital markets back to the House of Representatives. As Inside Mortgage Finance went to press late this week, it was uncertain whether the House would approve the slightly revised legislation after...
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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