Download E-books Fannie Mae and Freddie Mac: Turning the American Dream into a Nightmare PDF

By Oonagh McDonald

This e-book examines the position of Fannie Mae, Freddie Mac and different key gamers within the American personal loan industry, in precipitating the present international monetary trouble. From President Clinton's assertion of the 'National domestic possession approach' in 1995 to its cave in in 2008, this ebook deftly explains the goals and results of extending loan lending to those that couldn't find the money for domestic possession. Bankers, funding banks, ranking corporations and derivatives have all been presented their percentage of the blame, whereas politicians, regulators and executive businesses have effectively shunned theirs. Fannie Mae and Freddie Mac were implicated, however the real tale in their marriage made in hell hasn't ever been told.

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