There's a new sheriff in town for Fannie (FNMA.OB) and Freddie (FMCC.OB). Spencer Bachus, the...

|About: Freddie Mac (FMCC)|By:, SA News Editor

There's a new sheriff in town for Fannie (FNMA.OB) and Freddie (FMCC.OB). Spencer Bachus, the Republican expected to chair the House Financial Services Committee, says the mortgage giants should be in liquidation, not conservatorship, and that reforming the two GSEs is at the top of his priorities list. (yesterday)