Henry Paulson Says Fannie Mae’s Profits Shouldn’t Deter Overhaul
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Henry Paulson, who took Fannie Mae and Freddie Mac into federal conservatorship in 2008, said he’s worried that the companies’ return to profitability may be seen as reason to scrap an overhaul of U.S. mortgage finance.
“I had to pinch myself,” the former Treasury secretary said of his reaction to news that Washington-based Fannie Mae generated record profits last year. “I could hardly believe what I was reading.”