The Senate banking committee set aside time discuss the plan to get Fannie Mae (FNMA) and Freddie Mac (FMCC) out of conservatorship next week, on Tuesday:
Fannie and Freddie are two companies that have been in conservatorship since the Bush administration's Treasury Secretary Hank Paulson decided to shore up the banking system during the 2008 financial crisis. The government structured a contract between the Treasury department and their conservator, the Federal Housing Finance Agency, on behalf of Fannie Mae and Freddie Mac that has been used to transfer all the profits