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Fannie Mae and Freddie Mac
Oonagh McDonald
其他書名
Turning the American Dream into a Nightmare
出版A&C Black, 2012-06-07
主題Business & Economics / Economics / GeneralPolitical Science / Political Economy
ISBN17809300549781780930053
URLhttp://books.google.com.hk/books?id=EUvVmubCGsoC&hl=&source=gbs_api
EBookSAMPLE
註釋This book is available as open access through the Bloomsbury Open Access programme and is available on www.bloomsburycollections.com.

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.