British Company Cases 1991

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Language: English

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The lower capital ratios allow the GSEs to benefit from increased leverage on the funds they control, which may either increase their ability to fulfill their public purposes, contribute to the GSEs' profits, or both. {304} The financial risk from all but a few GSEs appears, however, to be negligible, and even the GSEs most at risk are not in great danger. {305} The S&L crisis was caused in large part by the perverse incentives produced by federal deposit insurance.

Pages: 850

Publisher: Croner CCH Group Ltd; 7th edition edition (March 1992)

ISBN: 086325277X

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