GSE Bill Not Enough for White House

Blackwell, Rob
May 2005
American Banker;5/12/2005, Vol. 170 Issue 91, p1
Trade Publication
Looks at the impact of a vote by the U.S. House Financial Services Committee on the administration of Fannie Mae and Freddie Mac. Claim that official in the administration of President George W. Bush have criticized legislation proposed by Chairman Michael G. Oxley and Rep. Richard Baker; Claim that officials from Fannie Mae and Freddie Mac approve the legislation overall; Details of the provisions of the bill, including the management of mortgage portfolios, placement of Fannie Mae and Freddie Mac in receivership, and the authority of supervisors to raise minimum capital; View of some critics that the bill will not survive past the Committee; Assessment of the potential passage of the bill.


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