Rudman Endorses New Regulator for Fannie, Freddie; Defends Fannie’s Board; Avoids Public Policy Issues
Former Senator Warren Rudman – the chief medical examiner in a massive autopsy of Fannie Mae’s accounting and management problems – this week supported the stronger regulatory structure for the government-sponsored enterprises featured in the House’s GSE reform bill. Rudman told the House Financial Services Committee that the regulatory agency proposed in H.R. 1461 likely would have uncovered many of the problems addressed in the report by his law firm, Paul, Weiss, Rifkind, Wharton &…