Freddie Mac and Fannie Mae, America's two largest agency
debt issuers, have now implemented the latest steps in their
voluntary six-point programme agreed with Congress last year to
reassure clients and the public of their safety and soundness.
The programme, announced in October 2000 at the urging of
Representative Richard Baker, chairman of the House of
Representatives' agencies oversight subcommittee, comprised
commitments to maintain more than three months' liquidity, to
implement a risk-based capital stress test, to...
