US official-Senate GSE regulatory idea 'attractive' - 2004-02-10
A U.S. Treasury Department official said on Tuesday that the outline for strengthning the oversight of government-sponsored mortgage finance enterprises proposed recently by a key lawmaker is "attractive."
Senate Banking Committee Chairman Richard Shelby, an Alabama Republican, proposed a completely independent regulator for the enterprises, which include Fannie Mae and rival company Freddie Mac, to restore confidence after an accounting scandal at Freddie Mac last year.
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