Roth Warns Against Ditching Fannie

Steven Roth, chairman at Vornado, said dissolving mortgage giant Fannie Mae would be a mistake, in his annual letter to shareholders.

  • 20 Apr 2011

Steven Roth, chairman at Vornado, said dissolving mortgage giant Fannie Mae would be a mistake, in his annual letter to shareholders. It said, “In recent years, the GSEs fell victim to human error as overambitious GSE managers followed, all too closely, their private market brethren.”

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