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Wednesday, December 09, 2015 11:55:16 AM
"We've tried out a number of risk sharing methods. We are concerned that the private sector, the capacity of the private sector, to take on this risk, particularly in an economic downturn and a distress situation would concern us greatly."
He then said....
"If the entire system were converted to the private sector you would have that risk of not having a backstop during a downturn and you'd have that risk of increased cost to borrowers, both of which would need to be evaluated by Congress as they evaluate how to move forward."
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