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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: TobagoJack who wrote (46640)	2/24/2004 9:16:05 PM
From: elmatador	Respond to of 74559

Greenspan Wary of Fannie, Freddie latimes.com By Jesus Sanchez, Times Staff Writer WASHINGTON — Federal Reserve Chairman Alan Greenspan today joined the growing number of government and financial leaders calling for more stringent regulation and financial controls to limit the growth and influence of mortgage giants Fannie Mae and Freddie Mac In testimony before the Senate Banking Committee, the leader of the nation's central bank warned that the unabated expansion of the two, federally sponsored mortgage companies would likely pose problems for the entire financial system unless Congress takes preventive action. ...