"Orszag, who co-authored a paper titled "Implications of the New Fannie Mae and Freddie Mac Risk-Based Capital Standard" with Nobel Prize-winning economist Joseph Stiglitz in 2002, wrote that "on the basis of historical experience, the risk to the government from a potential default on GSE debt is effectively zero."
http://www.nypost.com/p/news/business/obama_change_economic_team_lll7kzxcPALL7Nnzjq6CQP
Obama: Change economic team
Last Updated: 5:09 AM, July 11, 2010
Posted: 12:37 AM, July 11, 2010
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