Recapitalizing Fannie, Freddie not viable--Treasury official

By -

A senior U.S. Treasury official on Friday rejected proposals to recapitalize class="mandelbrot_refrag">Fannie Mae and class="mandelbrot_refrag">Freddie Mac, saying it would take at least 20 years to make sure they were adequately funded and that in the meantime taxpayers would potentially be on the hook.

_0">

In remarks prepared for delivery to a housing conference, Treasury Under Secretary Mary Miller repeated the Obama administration's call for winding down the two government-controlled mortgage class="mandelbrot_refrag">finance firms.

"Critics of reform would suggest that we can simply recapitalize the GSEs and avoid difficult decisions around creating a new system," she said. "Even if truly rehabilitating the GSEs were possible, recapitalizing them adequately would take at least 20 years." (Reporting by Timothy Ahmann; Editing by Chizu Nomiyama)

 
 
 

Popular posts from this blog

Study Abroad USA, College of Charleston, Popular Courses, Alumni

By -
Thinking for Study Abroad USA. School of Charleston, the wonderful grounds is situated in the actual middle of a verifiable city - Charleston. Get snatched up by the wonderful and customary engineering, beautiful pathways, or look at the advanced steel and glass building which houses the School of Business. The grounds additionally gives students simple admittance to a few major tech organizations like Amazon's CreateSpace, Google, TwitPic, and so on. The school offers students nearby as well as off-grounds convenience going from completely outfitted home lobbies to memorable homes. It is prepared to offer different types of assistance and facilities like clubs, associations, sporting exercises, support administrations, etc. To put it plainly, the school grounds is rising with energy and there will never be a dull second for students at the College of Charleston. Concentrate on Abroad USA is improving and remunerating for your future. The energetic grounds likewise houses various ...
Read more

Edinburgh Napier University Admission Process

By -
International recognition and past situation records of Edinburgh Napier University has made it the dream organization for each yearning understudy. Here is all that you will require to be aware of Edinburgh Napier University, UK's application cycle and cutoff times, assuming you wish to study on here. How to Apply for Admission at Edinburgh Napier University, UK? The official website (www.napier.ac.uk) and the college's international leaflet (International aide) delineates the section necessity for students. Here are the passage prerequisites and application process for Indian students: Undergraduate Entry Students will be qualified to apply, assuming they have finished their Higher Secondary Certificate (HSC) with in general 60+% in Intermediate (10+2) (XII Standard) test. Students are expected to have accomplished 70% or above in English Language in their XII aswell as XI guidelines. Postgraduate Entry Students will be eligible to apply, if they have gained one of t...
Read more

Best Online MBBS Colleges in the USA

By -
Are you hunting for a medical college abroad? Well, if yes, Kudos, as you have landed at the right station. Knowingly, MBBS degree, which is often called a Bachelor of Medicine and Bachelor of Surgery is approximately four years of courses offered by several medical colleges, and institutes. But amongst these many institutes, how to find the best online MBBS colleges for you? No worries, as today with this guide, we will be thriving some of the 5 best online MBBS colleges in the USA. So, what are we waiting for? Let’s begin the search!   Why Should I Study MBBS in the USA? There are numerous advantages of studying MBBS from the USA. Out of which, one of the enticing things is you don’t have to appear for the FMGE exam (Foreign Medical Graduate Exam) in countries like India. Other than this- ·          First rated universities Just like other countries, universities in the USA tend to offer several amenities to foreign students t...
Read more