Cox took regulator of Fannie, Freddie to task before leaving SEC

06/2/2009 | Bloomberg

Before leaving the Securities and Exchange Commission, Chairman Christopher Cox questioned whether the regulator that oversees Fannie Mae and Freddie Mac was upholding its duty to "preserve and conserve" their assets. In a Jan. 16 letter, Cox asked James Lockhart, director of the Federal Housing Finance Agency, whether Fannie and Freddie had been under too much pressure to spur housing markets while profits suffered.

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