... books and thereby lowering the official national debt. Similar accounting tricks occur with every major surge in securitization. The other major advantage of securitization is while the depository institutions (banks and savings and loan associations) have been restrained more firmly by state regulators or agencies in Washington, issuers of mortgage securities have been able to provide funds. Still, if ... longer compete effectively with the two companies, known as Government-Sponsored Enterprises. Kling explains that the key competitive advantage of Freddie Mac and Fannie Mae is the in...

• Word Count: 3971
• Approx Pages: 16
• Has Bibliography