GSE-type organizations are not essential to successful mortgage financing. Indeed, many other industrial countries without GSEs have achieved homeownership rates comparable to that of the United States. One device that has been widely used is covered bonds.
Bernanke argues GSEs are unnecessary for mortgage financing, citing other countries' success.
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Banks are not going to lend out the reserves at a rate lower than they can earn at the Fed.
The crisis was an enormous waste of resources, and unsafe practices by large financial institutions pose a risk not just to themselves but to the rest of society.
monetary policy is not a panacea, so there is still plenty of room for Congress to address some of these problems
The economy needed help from Congress, if not from additional spending on roads and bridges, for example, then at least in areas such as retraining unemployed workers.
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