Experts tell senators: 'no question' Fannie and Freddie are systemically important

A panel of experts addressing US senators on Tuesday asserted that Fannie Mae and Freddie Mac should be designated as “systemically important”, even if their views diverged as to what that should mean for the housing giants.

  • By Max Adams
  • 25 Jun 2019
Witnesses testifying to the Senate Committee on Banking, Housing and Urban Affairs agreed that the Financial Stability Oversight Committee (FSOC) — an arm of the US Treasury established under Dodd-Frank — should designate Fannie and Freddie as systemically important financial institutions (SIFIs). The label would require Fannie ...

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