On the recordMarch 4, 2009
The moral hazard problem created by the implicit government guarantee of Fannie Mae and Freddie Mac is a perfect example of what not to do.
Source
congress.govEd Royce: “The moral hazard problem created by the implicit government guarantee of Fannie Mae and Freddie Mac is a perfect example…”
Editor's note · Context
Criticizing government guarantees that distort the market.
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