Fannie Mae and Freddie Mac : turning the American dream into a nightmare /
"This book examines the role of Fannie Mae, Freddie Mac and other key players in the American mortgage market, in precipitating the current global financial crisis. From President Clinton's announcement of the 'National Home Ownership Strategy' in 1995 to its collapse in 2008, th...
| Main Author: | |
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| Format: | eBook |
| Language: | English |
| Language Notes: | English. |
| Published: |
London ; New York :
Bloomsbury Academic,
2012.
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| Subjects: | |
| Online Access: | Connect to the full text of this electronic book |
| Summary: | "This book examines the role of Fannie Mae, Freddie Mac and other key players in the American mortgage market, in precipitating the current global financial crisis. From President Clinton's announcement of the 'National Home Ownership Strategy' in 1995 to its collapse in 2008, this book deftly explains the aims and consequences of extending mortgage lending to people who could not afford home ownership. Bankers, investment banks, rating agencies and derivatives have all been awarded their share of the blame, while politicians, regulators and government agencies have successfully avoided theirs. Fannie Mae and Freddie Mac have been implicated, but the true story of their marriage made in hell has never been told."--Publisher's description |
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| Physical Description: | 1 online resource (xvii, 475 pages ) |
| Bibliography: | Includes bibliographical references (pages 441-461) and index. |
| ISBN: | 1780930046 9781780930046 9781780930053 1780930054 9781780930039 1780930038 9781280699207 1280699205 1780935234 9781780935232 9786613676177 6613676179 |
| DOI: | 10.5040/9781780930039 |