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Books > Business & Economics > Finance & accounting > Finance > Property & real estate
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Fannie Mae and Freddie Mac - Turning the American Dream into a Nightmare (Paperback)
Loot Price: R1,235
Discovery Miles 12 350
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Fannie Mae and Freddie Mac - Turning the American Dream into a Nightmare (Paperback)
Expected to ship within 10 - 15 working days
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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.
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