The Last Trillion-Dollar Commitment
AbstractThe government takeover of Fannie and Freddie was necessary because of their massive losses on more than $1 trillion of subprime and Alt-A investments.
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Bibliographic InfoPaper provided by American Enterprise Institute in its series Working Papers with number 30944.
Date of creation: Jan 2009
Date of revision:
treasury; The central role of government in the housing boom and bust; Peter J. Wallison; peter; Paulson; gse; government-sponsored enterprise; Freddie Mac; freddie; federal reserve; fed; Fannie Mae; fannie; Congress; Charles W. Calomiris; calomiris; bailout; economic outlook ; Treasury Secretary Henry M. Paulson;
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- Vincent Reinhart, 2011. "A Year of Living Dangerously: The Management of the Financial Crisis in 2008," Journal of Economic Perspectives, American Economic Association, vol. 25(1), pages 71-90, Winter.
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