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Treasury Secretary testifies on GSEs, nonbank MSRs and TBTF

Housing Wire

June 24, 2014, By Trey Garrison

It was a raucous and heated session at the House Financial Services Committee Tuesday morning as Treasury Secretary Jacob Lew made his annual report on the Financial Stability Oversight Council.

Perhaps not as fiery as Monday’s hearing on the IRS scandal and the unbelievable claims by the embattled IRS commissioner about the cover up of lost emails, but heated nonetheless.

In fact the issue of the IRS’s lost emails came up repeatedly, as the Treasury secretary was drawn into the investigation of the IRS commissioner and the IRS’s role in targeting political opponents of the White House.

GSE reform and the issue of some firms being “too big to fail” also led the discussion Tuesday morning.

Read Full Article: Treasury Secretary testifies on GSEs, nonbank MSRs and TBTF