FCIC Report Revists Bleak Run-up to Conservatorship
February 9, 2011
The Financial Crisis Inquiry Commission’s forensic review of the collapse of Fannie Mae and Freddie Mac vividly demonstrated the institutional confusion and chaos at the two companies, the scatter-shot emergency intervention provided by an ad-hoc alliance of regulatory agencies, and the overall sense that nearly everybody associated with the meltdown was...
Some SWFs in other countries have extensive ownership interests in major corporations and sweep much of their profits into state coffers.
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