Fannie Mae (FNMA)

[955]

...and why not, since Treasury initiated conservatorship in the first place. Sweeney just got her question answered.

Received outside the hearing by reporters, though, Director Watt had this to say about Chairman Johnson’s comments, as reported by the Wall Street Journal:

After the hearing, he told reporters that any effort by federal authorities to end the conservatorship would need to be begun by the Treasury Department. “It’s something that would have to be initiated by Treasury, not by me,” Mr. Watt said. “In the short term I would rule it out, in the long term, I might not rule it out.”