Current GSE Guarantee Fees Are Too Low to Be Consistent with Regulatory Capital: Does This Mean a Large Increase Is Coming?
The Stoop (NYU Furman Center)
MARCH 10, 2023
budget calculations but intentionally set things up so that the broader financial marketplace believed the government had an obligation to never let the two companies default on their debt; 15 this allowed the marketplace to largely ignore measures of GSE financial strength, in particular their capital ratios. See [link].
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