FCIC Report Revists Bleak Run-up to Conservatorship
February 9, 2011
The Financial Crisis Inquiry Commission’s forensic review of the collapse of Fannie Mae and Freddie Mac vividly demonstrated the institutional confusion and chaos at the two companies, the scatter-shot emergency intervention provided by an ad-hoc alliance of regulatory agencies, and the overall sense that nearly everybody associated with the meltdown was...
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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