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ABSTRACT
As the cases of public sector reform and e-government projects have shown, e-government can play a role in public sector reform. The articl...
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Though Fannie Mae and Freddie Mac say the federal government doesn't guarantee them against failing, Wall Street generally interprets the two companies' congressional charter - and the $2.25 billion line to the Treasury each has - as an implicit guarantee by taxpayers," the Washington Post reported in 1999, for example. The bailout is needed, it is argued, because Fannie Mae and Freddie Mac have used their government-favored position to dominate America's secondary mortgage market.
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Edward G. Biester, III, Michael M. Baylson (argued), Cecelia L. Fanelli, Duane, Morris & Heckscher, Philadelphia, PA, Warren B. Cole, Hunter, Colianni...
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Background
In response to considerable turbulence in international financial markets and other governments introducing similar schemes the Australia...
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I. INTRODUCTION
Lawmaking by citizen initiative (1) is currently driving public policy in the twenty-seven states that have bestowed voters with the...
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A little more than nine years ago, America suffered a hideous attack conducted not by soldiers armed with sophisticated weapons but by a group of unarmed, resolute enemies piloting commercial aircraft loaded with fuel. The result was so horrific that it forever altered how we Americans conduct our affairs. We asked the government to ensure, at any cost, that it would never happen again.
Since then, we have expended great resources we don't have to protect us from another tragedy involving aircraft, yet petty attacks keep coming, some so infantile that one must wonder if they weren't designed for failure. They lull us into a false sense of security but also encourage us to spend even more to ensure our air safety and further bankrupt us.
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The Australian Government introduced legislation on 15 October 2008 that, if enacted, will enable depositors to gain early access to funds in the even...
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Want to improve the housing market? Evict Fannie Mae and Freddie Mac. It sounds harsh, but without such a serious, drastic step, the market won't get better anytime soon. The value of household real estate is down an eye-popping $6.6 trillion (that's 12 zeros, folks) since it peaked in 2007. The "government sponsored enterprises" (GSEs) known as Fannie and Freddie played a big part in inflating the housing bubble.
They carelessly issued mortgage-backed securities with a government guarantee and then bought more of them as "investments," thus stoking the fire on an overheated market.
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On 17 September 2009, the Senate Economics References Committee (the Committee) released its report "Government measures to address concerns in the fi...