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Wednesday, September 11, 2019 8:01:42 AM
Mnuchin and Calabria didn't know where to hide.
I heard Mnuchin's comment exactly like you did. He said the GSEs were incapable of functioning without the GOV's support. And Calabria says he "can't sleep at night" because of the scant $3 B capital buffer against a $5.5 T portfolio.
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