Flashback: NY Times 2003 New Agency Proposed to Oversee Freddie Mac and Fannie Mae

Discussion in 'Congress' started by The Paperboy, Oct 2, 2008.

  1. The Paperboy
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    The Paperboy Times Square

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    The Bush administration today recommended the most significant regulatory overhaul in the housing finance industry since the savings and loan crisis a decade ago.

    Under the plan, disclosed at a Congressional hearing today, a new agency would be created within the Treasury Department to assume supervision of Fannie Mae and Freddie Mac, the government-sponsored companies that are the two largest players in the mortgage lending industry.

    Full story here
     

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