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11 This core flaw of GSE design was described by then-Secretary of the Treasury Henry Paulson when F&F were placed into conservatorship in 2008. ” The Pre-2008 Fannie Mae and Freddie Mac F&F were relatively small prior to the Savings & Loan (S&L) Crisis of 1989, having only a single-digit market share of funding U.S.
I started my PhD in Hispanic Languages and Literatures at UC Berkeley, in one of the more prestigious programs in my field, in 2008. My dissertation was on the rhetorics of advocacy in Appalachia, and I knew from my field research that nonprofits in the region could use help with their communications and grant writing.
In the years immediately following conservatorship (which began in September 2008), the FHFA increasingly took over setting the average G-fee. This all ended in 2008, when even the most ardent GSE defenders in Congress went quiet as the two companies collapsed into conservatorship. public comment periods) were bypassed.
14 Only when government gets involved – which is when policy and political concerns are combined with advocacy by ideological and economic interest groups – does one sometimes see something different, with the inevitably resulting cross-subsidies. This claim is simply untrue.
He specifically distinguishes social movements from political parties and advocacy groups. 2013; Bennett, Breunig, & Givens, 2008). With the arrival of globally accessible publishing, freedom of speech is now freedom of the press and freedom of the press is freedom of assembly” (Shirky 2008, p.
When the conservatorships were established in 2008, exiting them required approval from both the presidential administration, acting through Treasury, and the then-independent FHFA, led by a single director. Doing so allows for the design of exit terms to produce that model as a result. 7] See [link]. [8]
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