Reuters reports:
Federal Reserve Chairman Ben Bernanke, in a letter to Democratic Sen. Charles Schumer of New York, said he did not think caps on investment limits for Fannie Mae and Freddie Mac needed to be lifted.It's to early to tell whether Helicopter Ben can resist the lobbying efforts of Senator Schumer(Democrat-Fannie Mae).
"The current caps on GSE portfolios, which were imposed for safety and soundness reasons, need not be lifted to allow them to accommodate new borrowers," Bernanke said in a letter dated Aug. 27 that was released by Schumer's office on Wednesday.
