Jul 15
Speaking to the Senate Banking Committee as part of the Humphrey-
Hawkins testimony, Treasury Secretary Henry Paulson said
government-sponsored enterprises (GSEs) need a strong regulator.
“Market stability and support for housing finance are among my highest
priorities during this time of stress in our markets. Therefore, after
consultations with the Federal Reserve, the Office of Federal Housing
Enterprise Oversight (OFHEO), the Securities and Exchange Commission
(SEC) and Congressional leaders, we are asking Congress, as it completes
its work on a stronger GSE regulatory structure, to also enact a three-
part plan to address the current situation,” Paulson said.