AdamT
DP Veteran
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- Jul 26, 2011
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Oh my. We have some learning to dish out. GSE's. Government Sponsored Enterprises. Federal backing was implicit in their charters. Such was only changed "after" the bubble burst, however, we are still bailing them out. Virtually all the other "banks", such as Citi and BOA, have paid back their TARP loans. FF have paid back nothing, and will not pay back one penny. They are still being bailed out.
They are most certainly "not the same". :roll:
Indeed you do have some learning to do. The GSEs were privatized in 1968. Do you know what implicit means? It means not explicit, as in, not in the charters, as in, merely assumed.