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Former FDIC chair unleashes sharp critique of Fannie, Freddie treatment

HousingWire, By Trey Garrison

Former FDIC Chairman William Isaac will release a sharp critique of the federal government’s 2012 decision to sweep all of the profits of Fannie Mae and Freddie Mac to the Treasury Wednesday at 2 p.m. ET.

Isaac’s report details how the amended conservatorship of Fannie Mae and Freddie Mac has deprived the government sponsored enterprises of their ability to rebuild capital and has put taxpayers at risk of being asked to fund another bailout of the mortgage finance giants.

Read the full article: Former FDIC chair unleashes sharp critique of Fannie, Freddie treatment