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Home » Store » GSEs » Price of GSE Stock Keeps Rising, Consumer Advocate Nader Demands ‘Protection’ for Common Shareholders

Price of GSE Stock Keeps Rising, Consumer Advocate Nader Demands ‘Protection’ for Common Shareholders

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Consumer advocate Ralph Nader doesn’t exactly have a seat at the mortgage reform table, but that isn’t stopping him from asking the Treasury Department to do something to protect what he calls “the already financially injured common shareholders” of Fannie Mae and Freddie Mac. In a recent letter to Treasury Secretary Jack Lew, Nader blames a host of senior government officials – including Federal Reserve Chairman Ben Bernanke – for misleading investors about the financial health of Fannie and Freddie just months before they were seized by the federal government in September 2008. Nader, a one-time shareholder in the government-sponsored enterprises, is pushing...
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