Fannie Mae, Freddie Mac, and the Debacle of Mortgage Finance
by
Viral V. Acharya, Matthew Richardson, Stijn van Nieuwerburgh
Language: English
Release Date: March 14, 2011
The financial collapse of Fannie Mae and Freddie Mac in 2008 led to one of the most sweeping government interventions in private financial markets in history. The bailout has already cost American taxpayers close to $150 billion, and substantially more will be needed. The U.S. economy--and by extension,...