Fed nominee says larger banks in line for more regulation.
Sens. Mark Warner (D-Va.) and Bob Corker (R-Tenn.) introduced legislation June 26 that would reform America’s housing finance system by replacing the government-sponsored enterprises Fannie Mae and Freddie Mac with a privately capitalized system.
Senate gets measure Tuesday that would shut down Fannie Mae, Freddie Mac and FHFA within five years and create new corporation similar to FDIC.
Nevada, New York vacancies both triggered by congressional sex scandals.
CUNA PAC contributed $7,000 to 2006 campaign of Nevada senator now stepping down in wake of affair revelations.
Sen. John Ensign, whose political fortunes plummeted after he admitted to an extramarital affair with the wife of a staff member, announced today that he won’t seek a third term next year.