Consolidation America: Senator Corker Asserts Explicit Agency Debt Guarantee

"Since the 2008 decision to place the entities into conservatorship and take a 79.9 percent preferred stock position in the companies in lieu of 80 percent, a move purposefully intended to not have to show the liabilities of these two companies on the balance sheet of the U.S. Treasury, the implied guarantee has been made effectively explicit. – Senator Bob Corker, January 11, 2009"