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Hank Paulson: conflicts of interest |
The Bush administration has always been clear when it comes to the GSEs – they offer too much potential for systemic risk. This view has been at least partly borne out over the past months. Under a McCain administration, what’s left of the GSEs would likely be privatized or phased out completely. Initial ideas from Democrats such as senator Barry Frank of Massachusetts indicate a preference for a hybrid structure. That means the GSEs would be privatized.
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