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Former Secretary of the Treasury Henry M. Paulson Jr. spoke at the University of Chicago on Tuesday. (Abel Uribe/ Chicago Tribune)
By Greg Burns | A fundamental restructuring of mortgage giants Fannie Mae and Freddie
Mac is “highly likely” as the U.S. government moves to sharply reduce
its involvement in the housing market, former Treasury Secretary Henry
M. Paulson Jr. said Tuesday at the University of Chicago.
But necessary changes can’t occur right away because the financial
system remains heavily dependent on the government-backed companies,
Paulson said at an appearance to promote his new book, “On The Brink.”
