I think I know the answer, but just clarify how HUD relates to the FHA?
Is it that HUD is the government oversight which gives funding to the FHA, then the FHA gives it to local PHA's? And the FHA is government-sponsored but a corporation, like local PHA's?© BrainMass Inc. brainmass.com October 24, 2018, 7:34 pm ad1c9bdddf
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just clarify how HUD relates to the FHA?
Is it that HUD is the government oversight which gives funding to the FHA, then the FHA gives it to local PHA's? And the FHA is government-sponsored but a corporation, like local PHA's?
The U.S. Department of Housing and Urban Development (HUD) was established in 1968. It was originally developed to manage federal housing and community development programs. HUD incorporated numerous housing agencies and assumed administrative responsibility for them. One of ...
The expert determines if HUD is the government oversight which give funding to the FHA. Government-sponsored by corporations like local PHA's are provided.
Unlimited Liability, Contingent Capital and Living Wills
Mankiw argues that if federal authorities assume responsibility, the entire financial system might well become a group of government-sponsored enterprises.
A) Explain how preventing the impact of systemic risk creates a financial sector dominated by government-sponsored enterprises.
B) Evaluate the practicality and effectiveness of proposals such as: Moving towards unlimited liability; the provision of contingent capital and living wills.