US Financial Crisis: Fannie Mae and Freddie Mac at the Core
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Code : ECC0022
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Region : US |
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Introduction: Federal National Mortgage Association (Fannie Mae) and Federal Home Loan Mortgage Corporation (Freddie Mac), because of operating on high leverage and over participating in subprime mortgage market, suffered huge losses. Since the US financial system and the world economies are linked to these giants, the US government was forced to rescue them. |
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