Fannie Mae, Freddie Mac Plan Botched: Ex-FDIC Chairman

Mani

Published onJuly 8, 2014

Updated on May 13, 2021

By defying and rewriting the terms of conservatorship, the U.S. government acts as a destabilizing force, notes William Isaac, former FDIC Chairman.

In an article published in The Wall Street Journal, William Isaac, former chairman of the Federal Depositor Insurance Corp. points out FHFA could have put Fannie Mae / Federal National Mortgage Assctn Fnni Me (OTCBB:FNMA) and Freddie Mac / Federal Home Loan Mortgage Corp (OTCBB:FMCC) into receivership instead of conservatorship.

Government’s violation of law by seizing profits of Fannie Mae, Freddie Mac

William Isaac points out over...

Login required to continue reading.

Setup a free account to get access to this article (no credit card required).

View Full Article

Already a member? Log in here

Mani

Mani is a Senior Financial Consultant. He has worked in Senior Management role in large banking, financial and information technology organizations. He has provided solutions for major banking and securities firms across the globe in the area of retail, corporate and investment banking. He holds MBA (Finance) and Professional Management Accounting Qualifications. His hobbies are tracking global financial developments and watching sports

Fannie Mae, Freddie Mac Plan Botched: Ex-FDIC Chairman

Government’s violation of law by seizing profits of Fannie Mae, Freddie Mac

Login required to continue reading.

Get Your Business News