Political Quotes

undesirable boom-bust cycles that ultimately lead to both a less stable economy and higher inflation

Yes, my suggestion to Congress is to consider possibilities that involve somewhat less restraint in the near term and more action to make sure that we are on a sustainable path in the long run.

Privatization would solve several problems associated with the current GSE model. It would eliminate the conflict between private shareholders and public policy and likely diminish the systemic risk, as well. Other benefits are that…

We have just finalized new capital requirements that banks have to hold against these assets for sale, these securities, which should provide protection.