Debating the President’s Portsmouth pitch (part 16)
13 August 
1 Comment
Can the government compete on a level playing field with private firms?
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Tag Archives: fannie mae and freddie mac
Six month economic policy status update
7 July 24 Comments
Sometimes it helps to zoom way out. Here is a summary I would give to someone who had missed the past six months, including the good, the bad, the non-existent, the uncertain, and the too-soon-to-tell.
Read moreIntro to TARP: Banks have two problems
28 April 5 Comments
The big banks (and some large non-banks like AIG, Fannie Mae, and Freddie Mac) have two problems, not one:
They don’t have enough capital.
They have on their balance sheet downside risk that is creating uncertainty about how much the firm is worth and is scaring away investors.
I will use a simple example constructed by former [...]
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