This Case is about FINANCIAL MARKETS, GOVERNMENT, REORGANIZATION, SOCIAL ENTERPRISE
PUBLICATION DATE: February 10, 2009 PRODUCT #: 709025-PDF-ENG
In the year 1987, President Ronald Reagan developed the President’s Commission on Privatization to recognize federal government functions that might be moved to the economic sector. One firm that the Commission thought about was the Federal National Mortgage Association, or Fannie Mae. Fannie Mae was a Depression-era production that was accused of developing a secondary market for mortgage. Legislators had actually currently partly privatized Fannie Mae in 1954 and once again in 1968, the firm in 1987 still kept close links to the federal government, consisting of an emergency situation line of credit from the U.S. Treasury. After its considerations, the President’s Commission suggested Fannie Mae be reorganized into a totally private company.
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