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“My worry would be we’ve done a number of things that increased demand when the problem is supply,” said Calabria, now an adviser with the libertarian Cato Institute.
U.S. voters frustrated by economy, home prices →
Mr. Calabria explains in clear, jargon-free prose what he did to reduce the risk these companies posed to taxpayers, the economy and millions of homeowners by making Fannie and Freddie build their capital and prepare for the day they could exit federal receivership with strong balance sheets, capable leadership and good business plans.
