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Home » Store » News » Treasury Dep’t Gets Legal Guidance on Its Ability to Control GSE Debt, But Will It Be Put to Use?

Treasury Dep’t Gets Legal Guidance on Its Ability to Control GSE Debt, But Will It Be Put to Use?

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Bush administration attorneys have drafted a legal interpretation that reportedly articulates the government’s power to control debt issuance by Fannie Mae and Freddie Mac, but observers suggest it’s a petard that the White House will be reluctant to launch.
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