What happened was, Salinas was a Harvard-educated economist; he came in to modernize Mexico and he wanted to privatize things, so he privatized a lot of the banks.

萨利纳斯是哈佛培养出来的经济学家,他支持墨西哥现代化进程,他主张私有化,所以他将一大批银行私有化

耶鲁公开课 - 金融市场课程节选

So, the government created competitors and it privatized them so that both Fannie and Freddie became what are called GSEs -these are Government Sponsored Enterprises.

政府先培育一些行业竞争者,然后再让它们私有化,于是房利美和房地美,成为了所谓的GSEs,即政府支持企业

耶鲁公开课 - 金融市场课程节选