Budget Surplus?

[Max B. Sawicky]

The term of art is "Government Sponsored Enterprises."
I believe they generate capital income by selling bonds.
Don't know about equity shares.  They typify the fuzzy
edge of where gov ends and private sector begins. --mbs

-----Original Message-----
From: owner-lbo-talk at lists.panix.com
[mailto:owner-lbo-talk at lists.panix.com]On Behalf Of Jordan Hayes
Sent: Saturday, March 09, 2002 12:48 PM
To: lbo-talk at lists.panix.com
Subject: RE: Budget Surplus?


> Fanniemae, Freddiemac ...

Both of these are private corporations; yes, they have a govt. charter,
but they are owned by shareholders -- don't profits they generate get
distributed to shareholders?

/jordan