“RE: GSEs like Freddie Mac & Fannie Mae: "creditors will continue to underprice the risk-taking of these financial institutions, overfund them, and fail to provide effective market discipline Facing prices that are too low, systemically important firms will take on too much risk."” ImportantPhilosophyPoliticalToo MuchFailingRiskDisciplineLowsEconomicsInstitutionsFinancialFirmMacsRisk-takingCreditorsFinancial InstitutionsMae Author:Gary H. Stern
