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Reigning in Fannie and Freddie

Leonard Gilroy
April 10, 2005, 10:19am

The Christian Science Monitor weighs in on the House bill introduced by Rep. Richard Baker that would bring stronger regulatory oversight to mortgage behemoths Fannie Mae and Freddie Mac: Earlier this year, the CSM called for privatizing Fannie and Freddie in light of evidence that -- contrary to their original mission -- they aren't buying as many mortgages of low-income borrowers as private banks are. It's not clear whether this is a retreat from CSM's earlier position, or if it's just a case of hitching on to what they perceive as a more expedient reform option. Here are some other related articles on the proposed bill:

Leonard Gilroy is Director of Government Reform


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