GSEs: Greenspan frowns … clearly
Given his predilection for technical obscurity, Federal Reserve chairman Alan Greenspan could hardly have been clearer in his GSE testimony yesterday: < ?xml:namespace prefix ="" o ns ="" "urn:schemas-microsoft-com:office:office" />
Without restrictions on the size of GSE balance sheets, we put at risk our ability to preserve safe and sound financial markets in the United States, [...]
