Senate Adds Crisis Commission to Legislation Beefing Up Efforts to Combat Mortgage Fraud
April 30, 2009
The Senate voted overwhelmingly this week to provide more funding to combat mortgage fraud and establish a potentially controversial commission to study the factors that led to the economic crisis that began in the financial markets. The House is working on similar legislation. In a 92-4 vote, the Senate moved to approve the Fraud Enforcement and Recovery Act, which authorizes...
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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