Fed nominee echoes Greenspan on GSEs

Ben Bernanke, who is President Bush's nominee to succeed Alan Greenspan as chairman of the Federal Reserve, agrees with Greenspan that the portfolios of Fannie Mae and Freddie Mac should be capped. Bernanke said their immense size makes their investment health "important for controlling potential systemic risk," according to this article from the Associated Press.

Meanwhile, House and Senate differences on how and whether to limit their portfolios continue, with no resolution expected in 2005.