(Bloomberg) — Fannie Mae and Freddie Mac’s regulator said he would be willing take steps that would wipe out shareholders of the mortgage giants if circumstances called for it.“I work for the taxpayers,” Federal Housing Finance Agency Director Mark Calabria said Tuesday at a House Financial Services Committee hearing on the Trump administration’s proposal for ending U.S. control of the companies.Calabria was responding to questions from Representative Bill Foster, an Illinois Democrat, about whether hedge funds including Paulson & Co. stood to reap windfalls under the plan released by the Treasury Department last month. He said that while it isn’t …read more
Source:: Yahoo Finance
