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Epic Day In Our Struggle: Senator Tim Johnson Conservatorships of Fannie and Freddie Must End

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In a ground-breaking development, Democratic Senator Tim Johnson called on FHFA director Mel Watt to end the conservatorships of Fannie and Freddie. In prepared remarks for the Senate Banking Committee hearing with Federal Housing Finance Agency Director Melvin L. Watt, Senator Johnson stated:

“The Enterprises remain trapped in conservatorship today. FHFA continues to perform the dual role of both regulating and running the businesses of the largest entities in the mortgage market. This is not sustainable, and there is no consensus in Congress regarding how to move forward.”

Read the full article here: Epic Day In Our Struggle: Senator Tim Johnson Conservatorships of Fannie and Freddie Must End