Fannie Mae and Freddie Mac
turning the American dream into a nightmare
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Word Count
118,750 words, Guess
Page Count
475 pages
Identifiers
- Open LibraryOL31049939M
- ISBN-139781780930022
- ISBN-10178093002X
- OCLC Control Number768167209
- OCLC Control Number802053775
and 2 more
- OCLC Control Numberfanniemaefreddie0000mcdo
- Library of Congress Control Number2012532012
Classifications
- LCCHG2040.5.U5 M395 2012
Alternate Titles
- Turning the American dream into a nightmare
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 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."--Bloomsbury Publishing.
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- Fannie Mae and Freddie Mac: turning the American dream into a nightmare
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