Senate Inches Forward on Housing Legislation While GSEs Take Wild Ride on Capital Concerns
July 10, 2008
The Senate continued work on omnibus housing legislation that – among other things – is hoped will bolster market confidence in the government-sponsored enterprises. But given the roller coaster ride Fannie Mae and Freddie Mac endured this week, it may take more than Congressional intervention to restore faith in the GSEs. After losing roughly half their market capitalization during the...