Government-sponsored enterprises (GSEs) are fast-growing, highly leveraged financial institutions. Thanks to their special government subsidies, the two largest GSEs, Fannie Mae and Freddie Mac, now fund more than $2.5 trillion in mortgages. InGovernment-Sponsored Enterprises: Mercantilist Companies in the Modern World (AEI Press, April 2002), Thomas H. Stanton explores how the GSEs' peculiar institutional structure enables them to use government backing to dominate markets and displace other private firms. This book forum will begin with a presentation by the author of the book's major points, followed by commentary and a general discussion.
Agenda
1:45 p.m.
Registration
2:00
Introduction:
Peter J. Wallison, AEI
Presentation:
Thomas H. Stanton, Johns Hopkins University
Discussants:
Sallyanne Payton, University of Michigan Law School
Alfred Pollard, Office of Federal Housing Enterprises Oversight
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