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Office of Government Ethics Chief of Staff & Program Counsel Shelley Finlayson talks with students from the UC Riverside School of PublicPolicy about ethics and transparency within the executive branch of the federal government. She is also a member of the UCR School of PublicPolicy Advisory Board.
Office of Government Ethics Chief of Staff & Program Counsel Shelley Finlayson talks with students from the UC Riverside School of PublicPolicy about ethics and transparency within the executive branch of the federal government. She is also a member of the UCR School of PublicPolicy Advisory Board.
Office of Government Ethics Chief of Staff & Program Counsel Shelley Finlayson talks with students from the UC Riverside School of PublicPolicy about ethics and transparency within the executive branch of the federal government. She is also a member of the UCR School of PublicPolicy Advisory Board.
The F&F core business of securitizing and guaranteeing loans essentially takes the below-market cost of the funds raised by issuing mortgage-backed securities (MBS), which reflects the implied guarantee, and passes that subsidized cost through to primary market lenders. Growing profits by exploiting the implied guarantee. 81 trillion.
Social media tends to be decentralized, nonmarket, peer-produced, nonproprietary, open-sourced, commons-based, and provide free or inexpensive access and distribution (Benkler, 2006). There is no guarantee of publicpolicy change as a result of powerful new social movements.
The F&F business model, from their first securitizations to the present, relies on MBS investors viewing their securities as having nil credit risk. Continuing the PSPA was viewed as good policy for three reasons. First, the historic implied guarantee was considered by many policymakers to be bad publicpolicy.
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