Emil W. Henry Jr., CEO of Henry, Tiger, and formerly an assistant secretary of the Treasury, says that although Fannie Mae and Freddie Mac significantly contributed to the global financial crisis, officials have yet to overhaul the government-sponsored enterprises. Henry argues that Treasury Secretary Timothy Geithner can get the ball rolling by withholding approval of new debt issuance from Fannie and Freddie. "That's the best way to begin curtailing the GSEs, and it can be done unilaterally," Mr. Henry wrote.

Related Summaries