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Tag Archives: GSE

Former FDIC Chairman Criticizes Lack of GSE Reform

On an Investors Unite Conference call Wednesday, Isaac said while in the midst of the 2008 financial crisis the government used Fannie and Freddie to stabilize housing finance, the government’s current actions could cause another, potentially worse, crisis.

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Bill Seeks to Create Fannie, Freddie Escrow Account

The bill, introduced by Rep. Marsha Blackburn (R-Tennessee), seeks to “amend the Federal Housing Enterprises Financial Safety and Soundness Act of 1992 to establish a secondary reserve fund for a housing enterprise under conservatorship to protect taxpayers against loss in the event of a housing downturn, and for other purposes."

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