Fannie Mae and "honest" company?

According to Jennings' , Fannie Mae was created as a different sort of business entity, a shareholder-owned corporation with a federal charter. m(Jennings, 2012, p. 121) Though, its' relationship to a federal entity seems enticing, is still is a business that is run by an individual or individuals. In no instance can we, forget that behind any business it is a person that is acting on behalf of the owner or owners. On the surface it appeared as if this organization had a purpose, which was to help those in need. However, what we discovered, is that it in fact acted in some sense as would any other business, which was to gain more cash flow. Like many other business Fannie Mae was rebuilt with the same structure as other Wall Street businesses. The shareholder-owned corporation had one responsibility and we have heard it all to often and it was to gain more access to the private market and ultimately, more cash. Though, Fannie Mae was once perceived as the most ethical company, they were also found to have fallacies like any other business entity. We can not assume that no individual or business is morally or 100 percent ethically correct. Ethics will continue to be a work in progress because there is still much that we do not know about the topic in general. By continuing to educate ourselves and the entire working population we will strive to be better. In conclusion, I do not think that Fannie Mae was an "honest" company. I think it was just like to rest unfortunately. Fannie Mae, once offered a sense of security but today you have to be just as reluctant as would any other mortgage company. References Jennings, M. (2012). Business ethics: Case studies and selected readings. 7th ed. Mason, OH South-Western Cengage Learning. ISBN: 9780538473538 Friedman, M. (1970). The social responsibility of business to increase its profits. New York Times, 32- 33, 122-124, 126 Homburg, C., Stierl, M., & Bornemann, T. (2013). Corporate Social Responsibility in Business-to-Business Markets: How Organizational Customers Account for Supplier Corporate Social Responsibility Engagement. Journal Of Marketing, 77(6), 54-72.