GSEs

The Government Reform Committee will hold a hearing titled, “The Role of Fannie Mae and Freddie Mac in the Financial Crisis” on Tuesday, December 9, 2008, in 2154 Rayburn House Office Building. The hearing will examine the extent to which the actions and policies of Fannie Mae and Freddie Mac may have contributed to the ongoing crisis.

The following witnesses have been invited to testify:

• Leland Brendsel, former CEO, Freddie Mac
• Daniel Mudd, former CEO, Fannie Mae
• Franklin Raines, former CEO, Fannie Mae
• Richard Syron, former CEO, Freddie Mac
• Edward Pinto, Real Estate Financial Services Consultant, Chief Credit Officer, Fannie Mae, 1987-1989
• Dr. Arnold Kling, Federal Reserve Board of Governors, 1980-1986, Senior Economist at Freddie Mac, 1986-1994
• Dr. Charles W. Calomiris, Henry Kaufman Professor of Financial Institutions, Columbia University Business School
• Thomas H. Stanton, Fellow of the Center for the Study of American Government, Johns Hopkins University

• Letter to Fannie Mae
• Letter to Freddie Mac
• Chairman Waxman's Opening Statement
• Accompanying Documents to Chairman Waxman's Opening Statement
• Testimony of Leland Brendsel
• Testimony of Daniel Mudd)
• Testimony of Franklin Raines
• Testimony of Richard Syron
• Statement of Rep. Kanjorksi
• Memo Regarding NINA Mortgages
• Cambridge Retreat Summary
• Excerpts from January 2007 Subprime Policy Update
• Testimony of Charles Calomiris
• Testimony of Arnold Kling
• Testimony of Edward Pinto
• Testimony of Thomas Stanton