Fannie Mae-No Politics (FNMA)

[atlanta42]

This is in their principles:


"The GSEs should not be fully privatized at this time.
There continue to be serious concerns that in a fully privatized system, in which
the GSEs are sold off to the secondary market, small, community-based financial
institutions could be shut out of the secondary market. Any privatization efforts
should be gradual and ensure that credit unions have continued access to the GSEs
and the secondary mortgage market."


What do they mean by "not fully privatized"? How can something be partially privatized?