Fannie Mae and Freddie Mac: Turning the American Dream into a Nightmare (BOK)

Oonagh McDonald

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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.

Produktfakta

Språk Engelsk Engelsk Innbinding Heftet
Utgitt 2013 Forfatter Oonagh McDonald
Forlag
Bloomsbury Academic
ISBN 9781780935232
Antall sider 432 Dimensjoner 15,6cm x 23,4cm x 2,8cm
Vekt 1007 gram Leverandør Bertram Trading Ltd
Emner og form Economic & financial crises & disasters, Property & real estate, Credit & credit institutions, Economic systems & structures

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