Clamor Over GSE Reform Continues; Senators Grill Fannie Ex-ecs, Squabble Over Systemic Risk, Safety and Soundness
June 16, 2006
Two weeks ago, Sen. Richard Shelby, R-AL, predicted the Senate’s bill to reform oversight of the government-sponsored enterprises would make it to the floor of the Senate for a vote before summer’s end. But the prospects for full Senate passage remain as unclear as ever, as the latest hearing on Fannie Mae’s $10.6 billion accounting and management scandal provided a vivid reminder that deep partisan divisions remain. …