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oapen-20.500.12657-587082022-10-15T03:17:30Z Fannie Mae and Freddie Mac McDonald, Oonagh Economics Political economy bic Book Industry Communication::K Economics, finance, business & management::KC Economics::KCS Economic systems & structures 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. 2022-10-14T14:52:20Z 2022-10-14T14:52:20Z 2012 book ONIX_20221014_9781780930053_39 9781780930053 9781780930046 https://library.oapen.org/handle/20.500.12657/58708 eng application/pdf n/a 9781780930053.pdf Bloomsbury Academic Bloomsbury Academic 10.5040/9781780930039 10.5040/9781780930039 066d8288-86e4-4745-ad2c-4fa54a6b9b7b 9781780930053 9781780930046 Bloomsbury Academic 496 London open access
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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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