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Political Factoid
Public government-sponsored enterprises*
and "independent agencies",** which are
independent of presidential control,
typically represent the worst of both worlds
(i.e., government and private company).
- In-efficient government bureaucracy
- Executive corruption and corporate greed
- High-priced executive compensation skimmed off the top
- U.S. taxpayers left holding the bag
| * |
Examples:
- Federal National Mortgage Association (Fannie Mae)
- Federal Home Loan Mortgage Corporation (Freddie Mac)
- Federal Home Loan banks (there are 12 of them)
- Government National Mortgage Association (Ginnie Mae)
- Federal Farm Credit Banks
- Federal Agricultural Mortgage Corporation (Farmer Mac)
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| ** |
Examples:
- United States Postal Service (USPS)
- Commodity Futures Trading Commission (CFTC)
- Federal Election Commission (FEC)
- Federal Election Commission (FEC)
- Federal Maritime Commission (FMC)
- National Transportation Safety Board (NTSB)
- United States International Trade Commission (USITC)
- Federal Retirement Thrift Investment Board
- Federal Energy Regulatory Commission (FERC)
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cf.
1284,
1312,
1531
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