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MEDIA TELECONFERENCE
Former FDIC Chairman William Isaac to Present New Paper on Investors Unite Teleconference on Wednesday, April 1 at 2:00 p.m. EST
Isaac Says Fannie & Freddie Sweep by Government Flies in the Face of Law and Could Undermine Future Resolution Cases
WASHINGTON – On Wednesday, April 1 at 2:00 p.m. EST, William Isaac, former Chairman of the Federal Deposit Insurance Corporation (FDIC), will release a sharp critique of the federal government's 2012 decision to sweep all of the profits of Fannie Mae and Freddie Mac to the Treasury.
As Isaac explains in today's Wall Street Journal, the amended conservatorship of Fannie Mae and Freddie Mac has deprived the government sponsored enterprises (GSE) of their ability to rebuild capital and has put taxpayers at risk of being asked to fund another rescue of the mortgage finance giants.
Isaac will also explain how the government's abrupt change to the terms of the 2008 Housing and Economic Recovery Act (HERA) sets a bad precedent because vibrant private capital markets depend on confidence that the government can be counted on to adhere to the rule of law.
Investors Unite Executive Director Tim Pagliara will host the media teleconference and Isaac will present his new analysis and will be available for questions from the media.
To join the teleconference, please RSVP to media@investorsunite.org. Those who RSVP will receive an advance copy of the paper ahead of the call.
WHO:
Tim Pagliara, Executive Director of Investors Unite and CapWealth Advisors Chairman and CEO
William Isaac, former Chairman of the Federal Deposit Insurance Corporation (FDIC)
WHAT: Media Teleconference: William Isaac Argues Fannie & Freddie Sweep by Government Changes the Rules of the Game
WHEN: Wednesday, April 1 at 2:00 p.m. EST
DIAL: Toll Free: (800) 288-8975
NOTE: Please RSVP to media@investorsunite.org
About Investors Unite: Formed by Tennessee investor and CapWealth Advisors Chairman and CEO, Tim Pagliara, Investors Unite (investorsunite.org) is a coalition of over 1,400 private investors from all walks of life, committed to the preservation of shareholder rights for all invested in Fannie Mae and Freddie Mac. The coalition works to educate shareholders and lawmakers on the importance of adopting GSE reform that fully respects the legal rights of Fannie Mae and Freddie Mac shareholders and offers full restitution on investments.
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