KOPPELL, Jonathan G.S

Hybrid organizations and the aligment of interests : the case of Fannie Mae and Freddie Mac - Malden, MA : Blackwell Publishers, jul./aug. 2001

This article explores the political influence of government-responsered enterprises (GESs). Using Congress`s overhaul of the regulatory infrastructure for Fannie Mae and Freddie Mac as a case study, the article presents two principal findigs:(1) The characteristics that distinguish governance-sponsored enterprises from traditional government agencies and private companies endow Fannie Mae and Freddie Mac with unique political resources; and (2) the aligment of interest groups around Fannie Mae and Freddie Mac is subject to strategic manipulation by the GSEs. A triangular model of this alignment is proposed and employed to analyze the legislative outcome. The case has implications for students of organizational theory as well as policy makers considering the use of GSEs or other hibrid organizations