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U.S. Rep Frank sees ending housing GSEs in current form

Treasury Secretary Timothy Geithner on Thursday said the Obama administration is committed to “reforms” of the GSEs, but said it would likely not be until 2011 until substantive changes are made.

This article: is so poorly written I don’t know what it’s about.

It jumps from Fannie Mae/Freddie Mac to executive compensation to GSEs. What the heck is a GSE?? Responsible journalism doesn’t use jargon, lingo, or esoteric phrases like this one. Absolutely no information is conveyed by this article.

I can do better. Hire me.

S.K.H.

GSEs – government-sponsored enterprises – are fairly well-recognized by those who follow the markets, but the abbreviation should only be used in a headline if there is no way around it.

More to the point, it was never even spelled out in this story, either. That should have been done in the lede: GBU Editor

U.S. Treasury Secretary Timothy Geithner testifies at a hearing before a Congressional Oversight Panel overseeing the expenditure of the Troubled Asset Relief Program (TARP) on Capitol Hill in Washington, December 10, 2009. REUTERS/Jim Young

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