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Politics : Formerly About Advanced Micro Devices

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To: tejek who wrote (423980)10/8/2008 8:38:28 PM
From: Brumar89  Read Replies (1) of 1587630
 
The HUD secretary is also required to produce voluminous rules that govern how the GSEs meet those goals, and the 187-page rules CUOMO issued opened the door to abuse.

The rules explicitly rejected the idea of imposing any new reporting requirements on the GSEs. In other words, HUD wanted Fannie and Freddie to buy risky loans, but the department didn't want to hear just how risky they were.
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