TITLE

Paulson's Third Way: GSEs Taking Utility Role

AUTHOR(S)
Sloan, Steven; Flitter, Emily
PUB. DATE
January 2009
SOURCE
American Banker;1/8/2009, Vol. 174 Issue 5, p1
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
This article discusses the possibility of reforming government-sponsored mortgage Guarantee institutions Fannie Mae and Freddie Mac as private institutions subject to regulation as public goods similar to utility companies. U.S. Treasury Secretary Henry Paulson explored this option in a January, 2009 speech. Issues relating to the development of a mortgage guarantee market, which requires significant amounts of capital that generate low returns, are addressed.
ACCESSION #
35973501

 

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