Federal agencies put in a tight spot

Housing, banking insurers are running short on reserves, showing limits to how much the government can do

By David Streitfeld / The Bulletin
September 19, 2009

A year ago, as the financial system was threatening to collapse, federal regulators offered all sorts of assistance to ward off catastrophe.

The strategy worked, at least so far, but the bill is starting to come due.

The Federal Housing Administration, which is supporting the housing market by....

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