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Original publisher: Washington : U.S. G.P.O., 2010. LC Number: KF26 .B39 2008r OCLC Number: (OCoLC)642908310 Subject: Government-sponsored enterprises -- State supervision -- United States. Excerpt: ... 11 chase is a loan or an investment that has an asset on the other side. So it is not quite the same thing as a simple fiscal expendi-ture. It is a loan as the Government makes in many contexts, or an investment. ODD Chairman D. My time has expired. Senator Shelby. Senator S. I want to pick up on what Senator Dodd was HELBY talking about. Secretary Paulson, just take us through slowly, step by step, what is the proposal that you have set forth to deal with the GSEs? And what is the potential cost to that? Because this is not an empty gesture. I think you mentioned a minute ago, used the phrase ' ' they might not need this, they might not use this, this would be the best of all worlds. ' ' But what if they did? Let's go through the steps of what you are proposing so we can understand this fully. I think it is very important. AULSON Secretary P. Senator, I want to start off with something you said, which was essentially we did not design this, we are play-ing the hand we are dealt. Right? And as I see this, that what we have asked for - and I will go through them again - is, first of all, the authority for a temporary period of time, authority for 18 months? HELBY Senator S. What do you mean by temporary? How long? Secretary P. Eighteen months, and I would like to talk AULSON about that for a minute, because we asked what is the right period here. And it seemed to me that we did not want to - I could have asked for it for the end of the year. It did not seem like - we do not know what the markets will be like at the end of the year. It did not seem like a great gift to give to my successor, whoever he or she may be, to have something like this expiring right away. And so as we thought about it, we said 18 months or through the end - I guess we said through the en
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Recent developments in U.S. financial markets and regulatory responses to them: hearing before the Committee on Banking, Housing
Bokrecensioner » Recent developments in U.S. financial markets and regulatory responses to them: hearing before the Committee on Banking, Housing
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