Fannie Mae CEO Tim Mayopoulos: Conservatorship has been very successful

Despite other prominent housing figures stating earlier that morning that the GSE conservatorship is unstable and undesirable, Fannie Mae CEO Tim Mayopoulos complimented the government on its decision to bail out the companies and place them in conservatorship for 10 years. “Conservatorship has been very successful,” Mayopoulos said. “What the government did worked quite well.”