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Justice Says Treasury Can Cap GSE Debt.(Brief Article)
The Treasury Department has obtained a legal opinion from the Justice Department that clarifies its authority to limit the debt issuance of Fannie Mae and Freddie Mac.
Treasury officials have not made the legal memo public and so far they have refused to speak publicly about the Justice Department memo.
According to a Wall Street Journal report, the legal memo indicates that the Treasury secretary can limit the government sponsored enterprises debt issuances for safety and soundness reasons, as ...
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Source: HighBeam Research, Justice Says Treasury Can Cap GSE Debt.(Brief Article)