Independent Intellect
A New Yorker observing the world.
Tuesday, April 15, 2008
Fannie, Freddie Could Hurt U.S. Credit
Wow.
GSEs
[government-sponsored enterprises]
enjoy implicit government guarantees and could cause the U.S. to lose its sterling triple-A rating if the government were forced to come to their rescue, Standard & Poor's said in a report Monday.
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