By Paul Atkins
News of a bipartisan effort underway in the U.S. Senate to reform the housing finance industry is a welcome development, but the devil is in the details.
Almost a decade after the financial crisis, in addition to repairing damage caused by the flawed Dodd-Frank law, policymakers must work swiftly to wind-down Fannie Mae and Freddie Mac, the two institutions at the heart of the last financial crisis.
Dan Gallagher testifies at the hearing, "Legislative Proposals to Enhance Capital Formation, Transparency, and Regulatory Accountability"
Dan Gallagher mentioned in Law360 article:
Law360, New York, (May 17, 2016, 1:15pm ET) -- Former Securities and Exchange Commission member Daniel Gallagher and several other industry players threw their support Tuesday behind three proposed House Bills that would impose new requirements on the SEC and proxy adivsory firms and cut paperwork for private funds.