WASHINGTON, DC—The GSEs are going to be history if any number ofpoliticos in Washington has something to say about it, which theydo. The most recent player to discuss their fate was US HUDSecretary Julian Castro, who told BloombergTelevision earlier this week that Congress should begin theprocess of their privatization.
Yesterday we spoke with people in the industry who are sanguine about theGSEs' expected departure from the scene. Today we hear theother side.
Some people, such as Bill Baumann, seniormanaging director of Chicago-based Kiser Group,can't help but point to the disruption their dismantlement willcause.
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Erika Morphy
Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.
