Generally speaking, the preference of the private sector is for government entities to keep their bright ideas and legislative actions as far away from commerce as possible.

The gift of a government subsidy is precious indeed, and much depends on how much clout a particular industry holds in Washington, apparently. Anyone who has been taking notes recently would realize that the commercial real estate industry is clearly in the government's good books, while the student loan business is not. From a capital markets standpoint, something is off balance.

Subscribe Now

Access to a full range of industry content, analysis and expert commentary.

30-Day Free Trial

No credit card required. Access coverage of the securitization marketplace, including breaking news updated throughout the day.