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Details Emerge on GSEs’ Takeover Triggers
Congress has begun the GSE conservatorship post-mortem process, and has discovered that there were a handful of failing measurements that proved key in the decision of the Federal Housing Finance Agency, in consultation with the Federal Reserve and the Treasury Department, to take over Fannie Mae and Freddie Mac. But if there’s a common thread or an over-arching theme, it may have been a...
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