![](http://investorshub.advfn.com/images/default_ih_profile2_4848.jpg?cb=0)
Friday, June 13, 2014 10:04:08 AM
MW Treasury official pushes back on idea to privatize Fannie, Freddie
Jun 13, 2014 09:22:00 (ET)
WASHINGTON (MarketWatch) -- A senior Treasury Department official pushed back on the idea of privatizing Fannie Mae (FNMA) and Freddie Mac (FMCC) in a speech delivered Friday morning. Mary Miller, the under secretary for domestic finance, told the National Housing Conference that much of the recent profits at the mortgage-buying giants have come from tax-related one-time gains and legal settlements as well as income from retained portfolios, which are being wound down. "In short, adequately recapitalizing the GSEs would take longer than many realize or would admit," Miller said. "Only legislation can protect taxpayers by responsibly winding down the GSEs and replacing them with a system where a government guarantee is transparent and explicitly priced," she added.
North Bay Resources Announces Mt. Vernon Gold Mine Startup, Sierra County, California • NBRI • Aug 5, 2024 9:00 AM
Fifty 1 Labs, Inc. and All-In-Extracts Announce Joint Venture to Develop and Release New Testosterone Boosting Supplement • BLEG • Aug 5, 2024 8:30 AM
Kona Gold Beverages, Inc. Announces Strategic Initiatives and Corporate Direction Changes • KGKG • Aug 2, 2024 2:00 PM
POET and Luxshare Tech Expand Product Offerings for Artificial Intelligence Networks • POET • Aug 1, 2024 9:28 AM
Management Discusses Financial Filings of Global Arena Holding Inc., for 10-K 2023 and 10-Q, 1st Quarter 2024 • GAHC • Aug 1, 2024 9:14 AM
VAYK Announces LOI to Acquire $1 Million Home Service Company to Support Airbnb Business • VAYK • Aug 1, 2024 9:00 AM