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
Setup a free account to get access to this article (no credit card required).Login required to continue reading.
Already a member? Log in here
