The GSE Conservatorships: Fifteen Years Old, With No End in Sight
The Stoop (NYU Furman Center)
SEPTEMBER 5, 2023
Under the pressure of the financial crisis, in mid-2008, the market began to lose confidence in the implied guarantee given its informal and unwritten nature. However, it never made it past Senate Banking Committee approval in 2014. This was publicly disclosed by Treasury Secretary Mnuchin in 2019. government (i.e.,
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