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Infrastructure

Water Infrastructure May Get Federal Loan Program

NOV 15, 2012 2:20pm ET

A federal loan program for water infrastructure projects is close to reality after getting a push from Sen. Barbara Boxer, D-Calif., at a Senate Environment and Public Works Committee hearing Thursday.

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Comments (1)
So let me get this straight:
1) The Feds are basically going to abdicate the credit review process to the rating agencies; and,
2) The Feds want to run a 30+ to 1 leveraged loan program on something that has a historically low default rate (vis-a-vis the GSEs and home prices that always go up)
It certainly did not take long for Congress to unlearn the lessons of 2008.
Posted by tkirby | Thursday, November 15 2012 at 3:37PM ET
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