Ontology type: schema:Chapter
2014
AUTHORS ABSTRACTSome people think that the Federal National Mortgage Association (FNMA, Fannie Mae) and Federal Loan Mortgage Association (FHMA, Freddie Mac)1 now belong to history and therefore their case should be kept in the time closet. That’s not true. First because their massive failure has taught many lessons on the unwanted consequences of runaway finance that will be lost if they just fade from the public eye. Second, because some Western governments, the British being one of them, contemplate resurrecting their defunct model through organizations aimed at recycling mortgages and (at least theoretically) promoting real estate sales. More... »
PAGES127-150
Banks, Bankers, and Bankruptcies under Crisis
ISBN
978-1-349-49368-5
978-1-137-43699-3
http://scigraph.springernature.com/pub.10.1057/9781137436993_7
DOIhttp://dx.doi.org/10.1057/9781137436993_7
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