LIBROS DEL AUTOR: tara rice

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  • International Finance Discussion Papers
    Jonathan Rose / Tara Rice / United States Federal Reserve Board
    In September 2008, the government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac were placed into conservatorship and dividend payments on common and preferred shares were suspended. As a result, share prices fell to nearly zero and many banks across the country lost the value of their investments in the preferred shares. We estimate more than 600 depository institutio...
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