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The GSEs were authorized by congressional legislation to perform a very specific set of activities, primarily focused on providing loans to consumers or businesses for a designated purpose, and mostly related to real estate and housing. the legislation establishing them). mortgage originations.
There were major exercises on pandemics in 2005, 2007 and 2016. This provision was not implemented and the result appears to have been thousands of avoidable deaths. The UK Government's 13 policy U-turns do not reflect adaptation to dynamic circumstances, but inability to conceive what to do, how to implement it and how to communicate.
The same shortcomings were present in the 2005 London bombings, as were others (for example, the way in which 'major incident' as declared). Most striking is the abyss between plans and the ability to implement them with emergency response measures. We should accept that we have disasters in the UK.
The core claim made by critics is that the changes, implemented on May 1, are a mechanism for a new and major economic cross-subsidy from less risky borrowers to more risky ones. The changes then became the subject of hearings and legislation in the Republican-controlled House of Representatives to reverse the changes.
Instead, despite the adoption of the new and much higher official regulatory capital requirement in 2020, the agency just delayed the implementation of the higher capital level for two years. And will any change be implemented quickly or perhaps incrementally over several years? Of the current 0.46 percent versus 0.30
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