Testimony in the Senate Banking, Housing and Urban Affairs Committee last week appeared to clear a path for restructuring Fannie’s and Freddie’s regulator – while some remarks even pointed to broader GSE reform. Federal Reserve Chairman Alan Greenspan on July 16 recommended that a more robust regulator be put in place over Fannie Mae, Freddie Mac as well as the Federal Home Loan Banks. The next day, members of the same committee indicated they