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Article: GSE-Oversight Players Busy As Snow Readies for Spotlight.(Revamping of regulation of Fannie Mae and Freddie Mac)
- Article from:
- American Banker
- Article date:
- August 11, 2003
- Author:
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One of the conceits about Washington is that August is a public-policy dry spell, a time when nothing happens until Congress blows back into town the following month.
But for administration and congressional officials embroiled in ongoing discussions over how to revamp the regulation of Fannie Mae and Freddie Mac, nothing could be further from reality.
With multiple pieces of legislation pending, and momentum growing for some sort of action to strengthen the oversight of the two government-sponsored enterprises, the behind-the-scenes negotiations are a buildup to Treasury Secretary John Snow's appearance at a House Financial Services Committee hearing ...