Fannie’s board soon will begin its search for a new CEO – a position that will need the blessing of its largest shareholder, the U.S. Treasury Department.
Republican and Democrat leaders of the Senate Banking, Housing and Urban Affairs Committee battled over minority requests for extensive documents about Kathy Kraninger, the Trump administration’s nominee to become the next director of the Consumer Financial Protection Bureau.
The judges opined: "Indeed, the GSEs lost more in 2008 ($108 billion) than they had earned in the previous thirty-seven years combined ($95 billion). Yet the GSEs remained solvent.”