Download Free Legislative Hearing On Immediate Steps To Protect Taxpayers From The Ongoing Bailout Of Fannie Mae And Freddie Mac Book in PDF and EPUB Free Download. You can read online Legislative Hearing On Immediate Steps To Protect Taxpayers From The Ongoing Bailout Of Fannie Mae And Freddie Mac and write the review.

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.

GSE Reform

United States. Congress. House. Committee on Financial Services. Subcommittee on Capital Markets and Government Sponsored Enterprises

Published: 2011

Total Pages: 168


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