Shot Across the Bow

Late yesterday, Senate Banking Ranking Member Toomey sent letters to Secretary Yellen and FHFA Acting Director Thompson strongly protesting the PSPA rewrite and pending capital proposal.  None of Toomey’s concerns is new, although many are now more targeted.  While none will sway Administration or FHFA policy, the public nature of Toomey’s attack makes it clear that straightforward confirmation of Sandra Thomson should the Administration nominate her as Waters and others have urge will be even harder than it seemed.