Oonagh Mcdonald

Fannie Mae and Freddie Mac (eBook, ePUB)

Turning the American Dream into a Nightmare

• Format: ePub

Produktbeschreibung

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.

Produktdetails

• Verlag: Bloomsbury UK
• Seitenzahl: 496
• Erscheinungstermin: 7. Juni 2012
• Englisch
• ISBN-13: 9781780930046
• Artikelnr.: 38350881

Autorenporträt

Oonagh McDonald CBE is a Visiting Fellow at the International Institute of Banking and Financial Services at the University of Leeds. She was a Member of Parliament for Thurrock in Essex (1976-87) and was a member of the front-bench Treasury team from 1983-87. Prior to her entry to Parliament, she was a lecturer in philosophy at Bristol University. In 1998, she was awarded a CBE for services to financial regulation and business.