Excerpt from Report of the Secretary of the Treasury on Government-Sponsored Enterprises Dear Mr. Speaker: I am pleased to transmit the April 1991 Report of the Secretary of the Treasury on Government-sponsored Enterprises. This Report has been prepared to meet the statutory requirements in section 1404 of the Financial Institutions Reform, Recovery, and Enforcement Act of 1989 (FIRREA) (Pub. L. No. 101-73) and in section 13501 of the Omnibus Budget Reconciliation Act of 1990 (OBRA) (Pub. L. No. 101-508). FIRREA requires the Treasury to assess in two annual studies the financial safety and soundness of the GSEs and to study the impact of GSE operations on Federal borrowing. The Treasury submitted the first annual report under FIRREA in May 1990. OBRA requires the Treasury to assess the financial soundness of GSEs, the adequacy of the existing regulatory structure for GSEs, the financial exposure of the Federal Government posed by GSEs, and the effects of GSE activities on Treasury borrowing. The enclosed study, which is intended to meet the requirements of FIRREA and OBRA, presents principles that are essential to effective financial safety and soundness regulation. It also includes an analysis of the financial condition of the GSEs performed by the Standard & Poor's Corporation, and updates the findings in the 1990 Report regarding the impact of GSE activities on Treasury borrowing. We will submit proposed legislation shortly implementing the recommendations in this study to authorize Federal regulation of the financial safety and soundness of the GSEs. I am also transmitting the Report to the President of the Senate. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.

Unlike some other reproductions of classic texts (1) We have not used OCR(Optical Character Recognition), as this leads to bad quality books with introduced typos. (2) In books where there are images such as portraits, maps, sketches etc We have endeavoured to keep the quality of these images, so they represent accurately the original artefact. Although occasionally there may be certain imperfections with these old texts, we feel they deserve to be made available for future generations to enjoy.

Financial review of: Farm Credit Banks, Banks for Cooperatives, Federal Home Loan Banks, National Mortgage Association (Fannie Mae), Federal Home Loan Mortgage Corp. (Freddie Mac), Student Loan Marketing Association (Sallie Mae), College Construction Loan Insurance Corp. (Connie Lee), and Federal Agriculture Mortgage Corp. (Farmer Mac).

The Financial Crisis Inquiry Report, published by the U.S. Government and the Financial Crisis Inquiry Commission in early 2011, is the official government report on the United States financial collapse and the review of major financial institutions that bankrupted and failed, or would have without help from the government. The commission and the report were implemented after Congress passed an act in 2009 to review and prevent fraudulent activity. The report details, among other things, the periods before, during, and after the crisis, what led up to it, and analyses of subprime mortgage lending, credit expansion and banking policies, the collapse of companies like Fannie Mae and Freddie Mac, and the federal bailouts of Lehman and AIG. It also discusses the aftermath of the fallout and our current state. This report should be of interest to anyone concerned about the financial situation in the U.S. and around the world.THE FINANCIAL CRISIS INQUIRY COMMISSION is an independent, bi-partisan, government-appointed panel of 10 people that was created to "examine the causes, domestic and global, of the current financial and economic crisis in the United States." It was established as part of the Fraud Enforcement and Recovery Act of 2009. The commission consisted of private citizens with expertise in economics and finance, banking, housing, market regulation, and consumer protection. They examined and reported on "the collapse of major financial institutions that failed or would have failed if not for exceptional assistance from the government."News Dissector DANNY SCHECHTER is a journalist, blogger and filmmaker. He has been reporting on economic crises since the 1980's when he was with ABC News. His film In Debt We Trust warned of the economic meltdown in 2006. He has since written three books on the subject including Plunder: Investigating Our Economic Calamity (Cosimo Books, 2008), and The Crime Of Our Time: Why Wall Street Is Not Too Big to Jail (Disinfo Books, 2011), a companion to his latest film Plunder The Crime Of Our Time. He can be reached online at www.newsdissector.com.