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

Entrepreneurial Business Law Journal, Vol. 5, No. 2, 2010

Ohio State Public Law Working Paper No. 127

29 Pages Posted: 23 Jul 2010 Last revised: 2 Feb 2011

Dale A. Oesterle

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

Date Written: July 19, 2010

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.

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: https://ssrn.com/abstract=1645330 or http://dx.doi.org/10.2139/ssrn.1645330

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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