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Lawmakers spar over whether Fannie, Freddie are SIFIs
Both Douglas Holtz-Eakin, the president of the American Action Forum, and Alex Pollock, a distinguished senior fellow at the R Street Institute, argued that Fannie and Freddie must be designated as SIFIs under Title I of the Dodd-Frank Act because of the risk they pose to the economy.
“If Fannie and Freddie are not SIFIs, then nobody in the world is a SIFI, and if any institution is a SIFI, then so are Fannie and Freddie,” Pollock said in his prepared testimony. “Addressing their systemic risk through designation as a SIFI would logically match their systemically important role and riskiness.”