Banking and Housing Giants Testify About Subprime Solutions
The chief executives of both Freddie Mac and Fannie Mae as well as the Chairman of the Federal Deposit Insurance Corporation and the Federal Housing Commissioner and Assistant Secretary of the Department of Housing and Urban Development testified last week in a hearing before the U.S. House Committee on Financial Services about solutions to the current subprime mortgage turmoil.
Each of the four had some interesting things to say about what their organizations/agencies are doing or could be doing to resolve the situation and...
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