Inside the Fall of Freddie Mac and Why It Could Happen Again
by
Susan Wharton Gates
Language: English
Release Date: March 14, 2017
In September 2008, beset by mounting losses on high-risk mortgages and mortgage securities, the Federal Home Loan Mortgage Corporation teetered on the brink of insolvency. Fearing that confidence in the housing market would collapse completely if Freddie Mac and its competitor Fannie Mae failed, the...