The drafters of the recently enacted Credit Rating Agency Reform Act missed a golden opportunity to contribute to improved oversight of Fannie Mae and Freddie Mac, according to some GSE observers and Washington, DC insiders. The Office of Federal Housing Enterprise Oversight, the safety and soundness regulator for Fannie and Freddie, has criticized the credit rating agencies in the past for allegedly turning a blind eye to the deteriorating situations at Fannie and Freddie as their...