Wednesday, April 3, 2013
Is it Fannie and Freddie’s Turn to Bailout the U.S. Treasury? | e21 - Economic Policies for the 21st Century
The Obama Administration has played on the mistaken impression of many in Congress that the GSEs are a hopeless basket case to change the terms of the bailout in a way that will dramatically boost government receipts. Within five years, the bailout of the GSEs has completely reversed. Today, the GSEs are bailing out the federal government.