Fannie Mae-No Politics (FNMA)

[John Deere1]

Remember that Watt's senior advisor is Bob Ryan.

Bob Ryan quotes

At a housing forum last October, Mr. Ryan offered an assessment of why Fannie and Freddie had failed and what should be fixed. Fannie and Freddie had “nowhere near the capital required” to cover the mortgage credit it was taking on, he said. While capital standards for any successor entities needed to be higher, he said, such requirements shouldn’t be set by Congress.

Mr. Ryan also argued against making changes simply for change’s sake: “There are things that don’t need to be fixed, so let’s not spend our time and energy trying to fix those,” he said.