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Uncle Sam in Pinstripes: Evaluating U.S. Federal Credit Programs

Uncle Sam in Pinstripes: Evaluating U.S. Federal Credit Programs

Paperback

Business GeneralInvesting & FinanceGeneral Political Science

ISBN10: 0815721390
ISBN13: 9780815721390
Publisher: Brookings Institution Press
Published: Oct 19 2011
Pages: 160
Weight: 0.51
Height: 0.46 Width: 6.36 Depth: 8.97
Language: English

It is a long-held perception that America is a nation where the government typically stays out of day-to-day business activities. Yet the U.S. federal government is in many ways the biggest and most influential financial institution in the world, with $10 trillion in federal guarantees and loans going to the private sector. Even before recent implementation of massive interventions meant to stave off financial calamity, the federal government directly or indirectly provided significantly more credit than any of the country's largest private sector banks. And, of course, the government's credit activities have recently expanded far beyond this core of traditional programs in the face of economic crisis. What does the true picture of this sector look like, and how does it affect the overall economy?

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General Political Science