Greenspan highlights mortgage agency concerns

As private corporations that operate under government charters, both Fannie Mae and Freddie Mac enjoy government support with lines of credit from the US Treasury, tax breaks and exemptions from some Securities and Exchange Commission fees, as well as disclosure, requirements. Such subsidies have stirred members of Congress, notably Louisiana Republican Richard Baker, to campaign for the GSEs to have their government benefits withdrawn.

In his speech to the International Institute of

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