By Charles W. Calomiris and Stephen H. Haber | 02/21/14 11:44 AM
Over the past four decades, for many countries, the most important source of government debt unsustainability has been something else: hidden guarantees for banks that behave a bit like icebergs -- one can barely see them, and then all of a sudden, they sink the fiscal ship of state.
02/21/14 09:15 AM
WASHINGTON (AP) — Fannie Mae posted net income of $6.5 billion from October through December, its eighth straight profitable quarter. Fannie will have repaid its full government bailout after paying its fourth-quarter dividend. Fannie said Friday that its full-year profit of $84 billion for...
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