TITLE

Outlook for GSE Reform Doesn't Look Good, Sources Say

AUTHOR(S)
Vadum, Matthew
PUB. DATE
May 2006
SOURCE
Bond Buyer;5/12/2006, Vol. 356 Issue 32380, p4
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports that the legislation aimed at reforming government-sponsored enterprises that could eventually lead to a forced divestiture of Fannie Mae and Freddie Mac's huge state and local housing bond portfolios has virtually no chance of becoming law in the current Congress. Bert Ely, head of Ely & Co., said that the legislation will be approved unless some external event occurs. Other informed sources said, the legislation will probably go nowhere this year.
ACCESSION #
20944477

 

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