Federal Reserve Chairman Ben Bernanke said the US government needs to maintain its guarantee on mortgage-backed bonds issued by Fannie Mae and Freddie Mac to preserve financial stability. “It is very important for financial stability and confidence that we make good that guarantee,” Bernanke said in response to a question from Representative Scott Garrett, a New Jersey Republican.
Bernanke calls agency bonds guarantee ‘important’ to stability
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Ginnie Mae admits only to core facts of the case, denying all allegations, “inferences, arguments, and legal conclusions” in the complaint.
