Beyer, Hans-Joachim; Dziobek, Claudia; Garrett, John - 2021
Successful privatization must be accompanied by the complete removal of privileges and any public policy mission. Bank … are difficult to remove. Therefore, privatization is a one-time (nonreversible) operation. The German mortgage bank, DePfa …, went through a carefully planned and lengthy privatization process that was successful. Fannie Mae, the U.S. mortgage firm …
