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A summary of the Fannie Mae and Freddie Mac decline and subsequent government takeover. Further, the writer provides an opinion as to the ethics of this situation.
From the Paper:"The Federal National Mortgage Association Fannie Mae is a publicly-owned corporation that facilitates U.S. home ownership by purchasing single-family home mortgages from lenders. The organization was created by FDR in during the Great Depression to stimulate the economy. At this time Fannie Mae was a part of the government. In ... Fannie Mae gained public corporate status becoming a government-sponsored enterprise. As such it receives certain government benefits such as the right to borrow money from ..."
Cite this Analytical Essay:
Fannie Mae and Freddie Mac: Lessons in Accountability (2008, December 01) Retrieved October 14, 2019, from https://www.academon.com/analytical-essay/fannie-mae-and-freddie-mac-lessons-in-accountability-126891/
"Fannie Mae and Freddie Mac: Lessons in Accountability" 01 December 2008. Web. 14 October. 2019. <https://www.academon.com/analytical-essay/fannie-mae-and-freddie-mac-lessons-in-accountability-126891/>