WASHINGTON — Passing regulatory reform legislation, a grueling effort that has taken more than a year of debate, is just a warm-up for an even tougher fight over the future of Fannie Mae and Freddie Mac.
With an upcoming election and signs of a still-sluggish housing market, Democrats are in a lose-lose position, observers said. If they deliver a plan, it will draw heavy political fire and potentially disrupt the market. If they don't deliver a plan, they will be accused of ignoring a festering problem that may not be resolved unless there is action from the administration.
Register or login for access to this item and much more
All Bank Investment Consultant content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access