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Fannie Mae and Freddie Mac - a book by McDonald, Oonagh

Fannie Mae and Freddie Mac

Turning the American Dream into a Nightmare

Fannie Mae and Freddie Mac( )
Author: McDonald, Oonagh
Bloomsbury Publishing Staff,
ISBN:978-1-78093-523-2
Publication Date:Jul 2013
Publisher:Bloomsbury Academic & Professional
Book Format:Paperback
List Price:USD $29.95
Book Description:

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...
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