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Joseph A. Smith, F.H.F.A. Nominee, Faces Uphill Battle To Reform Fannie & Freddie

Joseph A Smith Fhfa

First Posted: 12/11/10 09:53 PM ET Updated: 05/25/11 07:20 PM ET

The New York Times:

If this Mr. Smith goes to Washington as head of F.H.F.A., he will face a monumental challenge at a crucial time: how to protect taxpayers from even greater losses incurred by Fannie and Freddie as Congress considers what to do with the companies. Since they collapsed into conservatorship in September 2008, Fannie and Freddie have received $151 billion in taxpayer assistance.

Read the whole story: The New York Times

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Filed by T.J. Ortenzi  |