GSEs: risks that flesh is heir to
William Poole, president of the Federal Reserve Bank of St. Louis — and thus, a man who knows whereof he speaks — has written a truly fantastic article (Adobe Acrobat) — clear, concise, even-handed, and devastating in its dispassion — on GSE systemic risks. Why? As he says:
1. Investors should be aware of these risks.
2. [...]
