Fannie Mae’s penance begins
While Congress debates who best should regulate the GSEs, Fannie Mae’s penance begins,
“How do you say, “$9 billion earnings writedown’ in Latin?”
as the incumbent (OFHEO) regulator is pressing hard to have the ‘interim’ label removed from its status: two days ago, Fannie Mae and OFHEO signed a supplementary agreement that, according to Fannie Mae’s press [...]
