Congress should rein in the growth of Fannie Mae and Freddie Mac, Federal Reserve Chairman Alan Greenspan said Thursday.
Greenspan, speaking via satellite to a housing conference in Atlanta, repeated his strong opposition to the unrestrained growth of the two government-sponsored enterprises.
“Huge, highly leveraged GSEs subject to significant interest-rate risk are not conducive to the long-term financial stability that a nation of borrowers requires,” Greenspan said in his prepared remarks.
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