Despite the considerable federal assist furnished by the ARRA, the fiscal circumstances of condition and local governments remain difficult. In the condition degree, revenues from revenue, business enterprise, and sales taxes continued to drop in the next 50 percent of previous 12 months, and many states are now in the process of addressing shortfa
There appears for being sufficient proof which the Bush administration recognized both of those the risk of subprimes, and specially the challenges posed by the GSE's who had an implicit assurance of government backing. For instance, in 2003, the Bush administration, recognizing that The existing regulators for Fannie and Freddie were being insuffi
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