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Corporate & Securities Law

: BusinessAssociationsBlog.com

Does the Fannie Mae and Freddie Mac Debacle Undermine the Case for CSR?

By Stephen Bainbridge

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Lawrence Summers uses the Fannie Mae/Freddie Mac debacle to raise questions about the merit of “creative capitalism ideas involving joint profit making and social objectives.” The illusion that the companies were doing virtuous work made it impossible to build a political case for serious regulation. When there were social failures the companies always blamed their need to perform...

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Full post as published by BusinessAssociationsBlog.com on July 17, 2008 (boomark / email).

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