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Fannie Mae and Freddie Mac: Turning the American Dream into a Nightmare

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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 ...