Fannie Mae and Freddie Mac: Turning the American Dream Into a Nightmare

by Oonagh McDonald

Book Overview

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...

• Format: Paperback
• Language: English
• ISBN: 1780935234
• ISBN13: 9781780935232
• Release Date: July 2013
• Publisher: Bloomsbury Academic
• Length: 432 Pages
• Weight: 0.10 lbs.
• Dimensions: 1.1" x 6.1" x 9.2"