Note that the Corker-Warner proposal’s 10 percent first-loss private capital is much closer to the House bill than it would seem just from comparing the required private capital shares of zero (the situation now) to 10 percent (Corker-Warner) and 100 percent (Hensarling). The total losses of Fannie and Freddie in the financial crisis were about 4 percent of their assets, so the 10 percent capital level in the Corker-Warner proposal makes the government guarantee very far back; this is an immense amount protecting taxpayers. The proposals are different, but they share the common ground of seeking to put substantial private capital ahead of taxpayers. http://economix.blogs.nytimes.com/2013/07/17/...rtner=rss&emc=rss
Thread abonnieren
