Several Executive Branch surrogates indicated late last week that the
Administration was sort of willing to compromise about the role of
Freddie Mac and Fannie Mae in solving the current credit crunch. But the
announcements made and the methods proposed seem to this reporter to be
little, late, and misdirected. The two Government Sponsored Enterprises
(GSEs) - Freddie and Fannie - seemed a little confused
about what was happening as well.
...Then, on Saturday, the Wall Street Journal quoted a top regulator
(undoubtedly from OFHEO) who speculated that those
portfolio limits could be lifted in....
...