By Cheyenne Hopkins
January 16, 2013 12:00 AM EST
He calls the law tightening oversight of Wall Street
among the most “harmful our capital markets have seen.” She has compared bankers to gangsters.
The will of the new Congress to begin rebuilding the U.S. mortgage finance system rests largely in the hands of Representatives Jeb Hensarling, a Texas Republican, and Maxine Waters, a California Democrat, known as partisan fighters from opposite ends of the ideological spectrum.
Hensarling, 55, is the new chairman of the House Financial Services Committee while Waters, 74, is the highest-ranking Democrat. In addition to grappling with proposals to tweak and amend the Dodd-Frank regulatory law, they will be seeking common ground on what may be the panel’s biggest issue this year -- the future of Fannie Mae (FNMA)
and Freddie Mac