Submitted by Vern McKinley, Sep 11, 2008 09:26

"Hence, the GSEs expose the federal taxpayer to an ever-increasing potential contingent liability that could ultimately cost tens of billions of dollars to rectify....The GSEs as Financial Time Bombs" "The Mounting Case for Privatizing Fannie Mae and Freddie Mac" Vern McKinley Cato Policy Analysis, December 29, 1997 http://www.cato.org/pubs/pas/pa-293.html

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