Confirmation of North Carolina bank commissioner Joseph Smith to head up the agency that oversees the GSEs became a casualty of partisan power mongering as Congress took off for the holiday last week. It's questionable, given the trade-offs likely to begin in earnest when a new Senate session convenes Jan. 5, whether Smith will make the cut, despite his own claims and proven track record of independence and tax payer advocacy. Reuters reports.
Regulation & Policy
Source: Reuters
