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Tag Archives: Investors

NCUA May File Against Big Banks

The National Credit Union Administration which is now controlled by Federal regulators, is threatening to sue several investment banks unless they refund more than $50 billion in securities that were purchased by the five wholesale credit unions that make up the organization.

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Talk of GSE Eradication Within 5 Years

Texas Representative, Jeb Hensarling, reconfirmed his commitment to eliminating Fannie Mae and Freddie Mac within five years saying, "We have waited for years to do something. It is time to start doing something." Referring to the two-time rejection of his legislation by a Democrat-controlled chamber, he added, Hopefully, the third time is a charm. The fourth-ranking House Republican said he would reintroduce his legislation to end the conservatorship of Fannie and Freddie within two years of passage.

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