Freddie Mac-No Politics (FMCC)

[rjanderson383]

GSE gone private:

Sallie Mae document

http://www.treasury.gov/about/organizational-structure/offices/Documents/SallieMaePrivatizationReport.pdf


GSEs differ from
both Federal agencies and private companies in that although they are created by Federalstatute generally to fill some unmet need in the credit marketand

although they are
instruments of Federal policy, they are owned and managed by the private sector. As such, SLMA’s board and management had a fiduciary duty to shareholders.