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Current GSE Guarantee Fees Are Too Low to Be Consistent with Regulatory Capital: Does This Mean a Large Increase Is Coming?

The Stoop (NYU Furman Center)

budget calculations but intentionally set things up so that the broader financial marketplace believed the government had an obligation to never let the two companies default on their debt; 15 this allowed the marketplace to largely ignore measures of GSE financial strength, in particular their capital ratios. See their press release.

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Capital shallowing: the effect of disinvestment on government functioning

Rebuilding Place in Urban Space

Rocks suggested this was part of the reason that a growth in staffing levels in the health service did not seem to have translated into a corresponding increase in activity. A third example would be the impact on local governments of declining budgets. And the failure of the Trump Administration to properly respond to covid.