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Politics : PRESIDENT GEORGE W. BUSH
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To: Peter Dierks who wrote (672759)2/18/2005 9:46:38 PM
From: DuckTapeSunroof   of 769667
 
"Actually what Alan Greenspan said was that the debt of the quasi governmental institutions Freddie Mac and Fannie Mae are not guaranteed by the federal government."

Yes, he said that *ALSO*... (but that's a different topic then the advisability of financing changes to the Social Security program 100% with massive new federal borrowing....)

"The market however assumes an implied guarantee."

Both statements ('not officially guaranteed by the federal government', and 'market assumes an implied guarantee') are *true*... and widely known.
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