Clip Fannie and Freddie’s wings, say Greenspan, Snow

  • 08 Apr 2005

Fannie Mae and Freddie Mac's mortgage portfolios should be restricted and their regulator strengthened, according to US treasury secretary John Snow and Alan Greenspan, chairman of the US Federal Reserve Board.

Testifying to senators this week, both men separately and forcefully recommended such measures.

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5 Credit Suisse 5,236.02 28 4.54%