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After accounting scandals had forced both GSEs to restate years of earnings, their CEOs were booted, and House and Senate efforts at reform broke down in a dispute over how to manage the size and composition of the GSEs At the time everyone had dismissed the comment as a rhetorical flourish, an easy thing to propose when there was little chance of its happening. At the December conference, Charles Gates, a longtime insurance analyst for Credit Suisse, asked pointedly what it meant that
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By providing loans of longer maturities and/or lower interest rates than are offered by the private-sector banks, the World Bank enabled its client countries to invest more aggressively than possible otherwise. To avoid such a fate, firms had to deliver profits faster before than. We will state clearly that you are healthy institutions, participating in order to support the U.
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