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Fannie Mae and Freddie Mac: Turning the American Dream into a Nightmare
Fannie Mae and Freddie Mac Turning the American Dream into a Nightmare Author:Oonagh McDonald The purpose of this book is to examine the role of Fannie Mae and Freddie Mac in the financial crisis. It examines the role of the other key players in the workings of the American mortgage market from President Clinton's announcement of the 'National Home Ownership Strategy' in 1995 to its collapse in 2008. The aims and consequences of exten... more »ding mortgage lending through these bodies to people who could not afford home ownership is deftly explained. The extraordinary recklessness and greed with which Fannie Mae and Freddie Mac pursued the interests of various parties is exposed here in full for the first time.« less