We found a match
Your institution may have access to this item. Find your institution then sign in to continue.
- Title
FANNIE, FREDDIE, AND FAIRNESS: JUDICIAL REVIEW OF FEDERAL CONSERVATORS.
- Authors
STEELE, ALLY COLL
- Abstract
In the wake of the 2008 financial crisis, the federal government assumed control of the government-sponsored mortgage entities Fannie Mae and Freddie Mac. This Note analyzes the "net worth sweep" amendment subsequently entered into by the Treasury Department and the Federal Housing and Finance Agency. The Note argues that the amendment provides an example of why shareholder derivative lawsuits can provide a critical check on executive agency action when the government takes over failing financial institutions.
- Subjects
GLOBAL Financial Crisis, 2008-2009; UNITED States. Dept. of the Treasury; FREDDIE Mac (Company); FANNIE Mae; FINANCIAL institutions; UNITED States. Federal Housing Finance Agency
- Publication
Harvard Journal on Legislation, 2016, Vol 53, Issue 1, p417
- ISSN
0017-808X
- Publication type
Article