First, President Obama’s selection of Mel Watt to head up the Federal Housing Finance Authority (FHFA) comes out in support of dissolving Fannie Mae and Freddie Mac, the government-sponsored enterprises (GSEs). Now, House Financial Services Committee Chairman Jeb Hensarling (R-TX) has presented the Protecting American Taxpayers and Homeowners Act (PATH Act), another step to eradicate the GSEs within five years.Click to continue
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