"Mr. Geithner cited the possibility of giving Fannie Mae and Freddie Mac an "elegant funeral." But that wouldn't mean a government exit from its prominent role in America's housing market. In fact, it could mean that the government agrees to stand explicitly behind the GSEs' obligations, while also putting in place a new system designed to ensure that mortgage credit is available even during recessions or a banking crisis." Read more.
The Christian Science Monitor, August 17, 2010.
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