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http://ssrn.com/abstract=1645330
 
 

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The Collapse of Fannie Mae and Freddie Mac: Victims or Villains?


Dale A. Oesterle


Ohio State University (OSU) - Michael E. Moritz College of Law

July 19, 2010

Entrepreneurial Business Law Journal, Vol. 5, No. 2, 2010
Ohio State Public Law Working Paper No. 127

Abstract:     
The government takeover of Fannie Mae and Freddie Mac leads to a question over the role of both government sponsored entities in the financial crisis that began in late 2007. Professor Oesterle chronicles the regulatory history of the two organizations, details the conservatorship, notes the subsequent effects of government management, and finally argues that Fannie and Freddie were in the forefront of the crisis. He concludes with a recommendation that Fannie and Freddie be reduced to a role as a broker-dealer, market maker in the mortgage secondary markets.

Number of Pages in PDF File: 29

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Date posted: July 23, 2010 ; Last revised: February 2, 2011

Suggested Citation

Oesterle, Dale A., The Collapse of Fannie Mae and Freddie Mac: Victims or Villains? (July 19, 2010). Entrepreneurial Business Law Journal, Vol. 5, No. 2, 2010; Ohio State Public Law Working Paper No. 127. Available at SSRN: http://ssrn.com/abstract=1645330 or http://dx.doi.org/10.2139/ssrn.1645330

Contact Information

Dale A. Oesterle (Contact Author)
Ohio State University (OSU) - Michael E. Moritz College of Law ( email )
55 West 12th Avenue
Columbus, OH 43210
United States
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