Monday, September 8, 2008

Reactions to U.S. GSE Takeover Range from Strong Support to Taxpayer Worries

The government takeover of Fannie Mae and Freddie Mac wasn't just welcomed by U.S. markets; it also received broad support from the Fed, other central bankers and financial newspapers. However, many are also concerned about how much the de facto nationalization of the government-sponsored enterprises (GSEs) could cost American taxpayers. ...

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