Big Banks Should Inherit GSE Credit Business: Posner
April 28, 2010
Restructuring Fannie Mae and Freddie Mac depends on who controls their credit guarantee businesses in the future. And while the three mostly likely heirs – investors, the federal government or big banks – are all controversial, the least harmful scenario would be for the big banks to end up with that sizeable business, according to new author, Ken Posner, former lead GSE analyst at Morgan...