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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)

Not surprisingly, the two companies highly prioritized protecting those subsidies, which meant maintaining political support in Congress to ensure no legislation was passed to take them away. 19 This support was translated into extreme lobbying power in Congress, which ensured that the two companies did not lose the subsidies.