Opis: Studies on Privatizing Fannie Mae and Freddie Mac (Classic Reprint) - Research United States; Dept; Of Housin

Excerpt from Studies on Privatizing Fannie Mae and Freddie Mac

The Federal Housing Enterprises Financial Safety and Soundness Act of 1992 (Public Law 102-550, Section 1355) requires that the Comptroller General of the United States, the Secretary of Housing and Urban Development, the Secretary of the Treasury, and the Director of the Congressional Budget Office shall each conduct and submit to the Committee on Banking, Finance and Urban Affairs (now the Committee on Banking and Financial Services) of the House of Representatives and the Committee on Banking, Housing, and Urban Affairs of the Senate a study regarding the desirability and feasibility of repealing the federal charters of the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac), eliminating any federal sponsorship of the enterprises, and allowing the enterprises to continue to operate as fully private entities. The text of the congressional requirement is reproduced in full at the end of this introduction.

This volume contains five analytical studies that were prepared to inform the four agencies as to the best current thinking on issues surrounding the concept of full privatization, preparatory to drafting their Reports to Congress on privatization. This volume supplements the separate reports of the Comptroller General, the two Secretaries, and the Director, as published independently by each agency.

In addition to the five studies, the volume includes commentaries on the studies by academic experts and by Fannie Mae, and in several cases responses to the commentaries by the study authors. The commentaries were initially presented in seminars on drafts of the papers. Seminar participants included the authors, invited discussants, staff members from the four agencies and the Office of Federal Housing Enterprise Oversight, and representatives of Fannie Mae and Freddie Mac.

The plan for the studies and seminar series was formulated by an interagency working group. This group designed the materials used in recruitment of authors, directed the author selection process, monitored preparation of the studies, and organized the seminars. It consisted of William Kruvant, William Shear, Mitchell Rachlis, Fred Evans, and Paul Thompson from the U. S. General Accounting Office; Harold Bunce, John Gardner, and Stephanie Smith from the U. S. Department of Housing and Urban Development (HUD); Joan Affleck-Smith, Edward DeMarco, and Mario Ugoletti from the U. S. Department of the Treasury; and Robin Seiler and later Marvin Phaup from the Congressional Budget Office. The Congressional Budget Office funded the Stanton paper, and HUD funded the other four papers. John Gardner of HUD served as general editor for this volume.

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Szczegóły: Studies on Privatizing Fannie Mae and Freddie Mac (Classic Reprint) - Research United States; Dept; Of Housin

Nazwa: Studies on Privatizing Fannie Mae and Freddie Mac (Classic Reprint)
Autor: Research United States; Dept; Of Housin
Wydawnictwo: FB &c Ltd
Kod paskowy: 9781330466988
Języki: angielski
Ilość stron: 414
Format: 15.2x22.9cm
Oprawa: Miękka

Recenzje: Studies on Privatizing Fannie Mae and Freddie Mac (Classic Reprint) - Research United States; Dept; Of Housin