Who Called for GSE Reform? Senator John McCain
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Alan Greenspan: May 19th, 2005 http://www.federalreserve.gov/boarddocs/speeches/2005/20050519/default.htm
” As I testified before the Congress both this year and in 2004, the GSEs need a regulator with authority on par with that of banking regulators, with a free hand to set appropriate capital standards, and with a clear and credible process sanctioned by the Congress for placing [...]