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Greenspan urges curb on Fannie Mae and Freddie Mac holdings
Federal Reserve Chair Alan Greenspan told the Senate that restricting the multibillion-dollar holdings of Fannie Mae and Freddie Mac is needed to protect U.S. financial markets. He warned that their size and debt could threaten stability despite proposed regulatory moves. Both stocks rose after the remarks as lawmakers debate a tighter oversight framework and a possible new regulatory agency.
MENTIONED IN THIS ARTICLE
Washington Federal Reserve
Alan Greenspan
Congress
Fannie Mae
Freddie Mac
U.S
Fed
Senate Banking, Housing and Urban Affairs Committee
Greenspan
United States
New York Stock Exchange
Freddie Mac’s
Wall Street
Charles Schumer
Schumer
D-Ny
Capitol Hill
Chuck Hagel
R-Neb
House
Richard Baker
R-La
Hagel’s
Securities and Exchange Commission
Federal Reserve