Fannie Mae, Freddie Mac Should Be Designated As SIFI

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Mani
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Fannie Mae / Federal National Mortgage Association (OTCBB:FNMA) and Freddie Mac / Federal Home Loan Mortgage Corp (OTCBB:FMCC) are huge in size, huge in global systemic risk, close to zero in capital and hence should get SIFI status, believes Alex J. Pollock of American Banker. According to Alex J. Pollock, considering their massive asset size and extreme leverage, the two GSEs should be designated as SIFI by the Financial Stability Oversight Council (FSOC) SIFI tag from FSOC The FSOC has powers under Dodd-Frank financial reform legislation to place institutions under enhanced oversight. A company getting the SIFI tag would be…

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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