The forecast for the Federal Housing Finance Board’s controversial proposal on retained earnings and excess stock is mostly cloudy right now, after outbursts of some heated criticism on Capitol Hill. During an appearance earlier this month before the House Financial Services Subcommittee on Capital Markets, Insurance, and Government-Sponsored Enterprises, Finance Board Chairman Ronald Rosenfeld presented a spirited defense of the proposal... [Includes sidebar, "WaMu Funding Gets Dragged Into Retained Earnings Scrum."]