White House Could Preempt Congress’ Inaction on GSEs


Posted To: MND NewsWire

Two noted economists seem to be holding little hope that Congress will take up in any way changing the status quo of the government-sponsored enterprises (GSEs) before adjourning next January. However, they say it is an issue on the Trump Administration agenda and they expect the Executive Branch will step into the fray. In a paper published by the Urban Institute titled GSE Reform is Dead – Long Live GSE Reform , Jim Parrott and Mark Zandi ask, if Congress does fail to address GSE reform, what will the executive branch do with the opportunity? Parrot is a nonresident fellow at the Urban Institute. He owns Falling Creek Advisors, a financial institution consulting firm and previously served as White House senior advisor on the National Economic Council. Zandi is chief economist of Moody’s Analytics…(read more)

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