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...
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| Format: | eBook |
| Language: | English |
| Language Notes: | English. |
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London ; New York :
Bloomsbury Academic,
2012.
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| Subjects: | |
| Online Access: | Connect to the full text of this electronic book |
Table of Contents:
- Introduction
- Timeline
- The seeds are sown
- Two more tools in the tool-kit
- The role of the Housing and Urban Development Department (HUD)
- Mortgage data
- The "mission regulator" for Fannie Mae and Freddie Mac
- The GSEs and the developing crisis
- The dominance of the GSEs
- The beginning of the end for Freddie Mac
- The beginning of the end for Fannie Mae
- The years 2005 to 2007 : drinking in the last chance saloon
- The subprime market grew and grew and no one knew
- Why did Fannie Mae and Freddie Mac get away with it for so long?
- The end cometh
- What next?
- Appendix. Membership of the House Committee on Financial Services ; Membership of Senate Banking, Housing and Urban Affairs Committee ; Fannie and Freddie's contributions to members of the House Committee on Financial Services ; Fannie and Freddie's contributions to members of the Senate Banking, Housing and Urban Affairs Committee ; Years in which Fannie Mae was a top 100 contributor to the campaign fund of a member of the House Financial Services Committee ; Years in which Fannie Mae was a top 100 contributor to the campaign fund of a member of the Senate Banking Committee ; Contributions from Fannie Mae to Senate Banking Committee ; Contributions to presidential candidates ; Fannie's annual lobbying expenditure ; Real estate lobbying expenditure ; Lobbying reports for 2004, 2005, 2006, and 2007.