(This is the viewpoint of a longtime conservative administrator who states that it was common knowledge amongst government oversight officials that these two massive certified companies were problematic, that these companies are prime examples of corporate welfare, and that the Treasury Department's plan to bail them out is flawed.)
Peter Wallison: The History and Background of Fannie Ma and Freddie Mac
Q and A (C-SPAN)
This week on Q&A, our guest is Peter Wallison of the American Enterprise Institute. Mr. Wallison will discuss the history and background of Fannie Mae and Freddie Mac.
BIO:
CURRENTLY:
· Co-director, AEI program on financial markets deregulation
· Member, Advisory Cmte on Improvements to Financial Reporting, U.S. Securities & Exchange Commission
· Member, Shadow Financial Regulatory Cmte
PREVIOUS:
· Partner, Gibson, Dunn, & Crutcher (1985-1986, 1987-1988)
· Counsel to President Ronald Reagan (1986-1987)
· General Counsel to U.S. Treasury Dept (1981-1985)
· Partner, Roger & Wells (1977-1981)
· Special Asst. to Gov. and later VP Nelson Rockefeller (1972-1976)
EDUCATION:
· LL.B. Harvard Law School
· B.A. Harvard College
BOOKS:
· Ronald Reagan: The Power of Conviction and the Success of His Presidency (2002)
· Back From the Brink (1990)
· Co-author, Nationalizing Mortgage Risk: The Growth of Fannie Mae and Freddie Mac (2000)
· The GAAP Gap: Corporate Disclosure in the Internet Age (2000)
· Competitive Equity: A Better Way to Organize Mutual Funds (2007)
· Editor, Optional Federal Chartering and Regulation of Insurance Companies (2000)
· Editor, Serving Two Masters, Yet Out of Control: Fannie Mac and Freddie Mac (2001)
To Listen to the Interview
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