Fannie Mae and Freddie Mac will be the subjects of a Congressional hearing Tuesday morning, when the House Financial Services Cmte. looks at restructuring the troubled GSEs. Rep. Paul Kanjorski, D-Pa., gives CNBC a preview.
James Lockhart, former director of the Federal Housing Finance Agency, shares his oiutlook on the future of Fannie Mae and Freddie Mack.
One of the factors that have been buoying the market is fund managers’ desperate scramble for stocks. They found themselves heavy on cash but light on equity as the market turned up, and now they’re buying stocks en masse to keep pace with their benchmark indexes. As a result, any price weakness lures them in, [...]
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