This story appeared in Bank Digest.
House Committee on Oversight and Government Reform Ranking Member Darrell Issa, R-Calif., has sent letters to White House Counsel Gregory B. Craig, Deputy Assistant Attorney General for the Office of Legal Counsel (OLC) Daniel Koffsky, General Counsel for the Federal Housing Finance Agency (FHFA) Alfred M. Pollard and FHFA Associate Director for Internal Audit Edward Kelley expressing concern regarding the lack of an Inspector General at the FHFA, the federal agency responsible for overseeing Fannie Mae and Freddie Mac. In his letter to White House Counsel Craig, Issa wrote, “We are now eleven months into this Presidency. The President’s failure to act has left the agency charged with overseeing two of the most irresponsible government sponsored entities—Fannie Mae and Freddie Mac—without any inspector general. In light of the Democratically-controlled, filibusterproof Senate, the President’s failure to act is unacceptable and reckless.”
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