In an editorial titled “How Not to Fix Fannie and Freddie,” Antonio Weiss, Counselor to the Treasury Secretary, called the push to recapitalize the GSEs and release them from the FHFA’s conservatorship “misguided.” Weiss claims that such a “recap and release” proposal, if executed, could raise the cost of mortgages and potentially expose American taxpayers to another bailout.
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Obama Nominee Withdraws Himself From Consideration for Treasury Undersecretary
Investment banker Antonio Weiss, President Barack Obama's nominee for the position of U.S. Treasury Undersecretary, has withdrawn himself from consideration for the position, according to multiple media reports.
Read More »President to Nominate Investment Banker for Treasury’s Senior Domestic Finance Position
President Barack Obama will nominate Antonio Weiss, global head of investment banking at merger-advisory firm Lazard Ltd., for U.S. Treasury Under Secretary, the top domestic finance position with the government organization, according to a statement released by the White House.
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