Authors trace the history of Fannie Mae and Freddie Mac, their importance to the U.S. housing market, and the implications of their recent government takeover.
It appears that more than just the American economy is bordering on breakdown. It is far more significant that America its culture and spirit is in total crisis and bordering on collapse.
On Tuesday, September 30, 2008, members of the Graziadio School community came together from New York to Los Angeles on a conference call to hear about America’s financial crisis from a distinguished panel of professors.
The end of the housing boom may substantially slow economic growth by reducing consumer spending and deflating consumer confidence.
In 2005, prices for homes climbed to dizzying new heights. Does this trend in prices represent a bubble? Will the bubble burst? Are these higher prices sustainable? What will be the economic impact?