China and the mortgaging of America
Subtitle: economic interdependence and domestic politics
By: Helen Thompson
Series: International political economy series
Publisher: Palgrave Macmillan
Published: 2010
Place of publication: Basingstoke, Hampshire [England]; New York
Language: eng
Number of pages: 173
ISBN-13: 9780230243590
Subjects: Mortgages; Foreign economic relations; Global Financial Crisis, 2008-2009; Home ownership
Description: In 2008, the economic relationship between the United States and China almost collapsed due to a crisis at two American mortgage corporations, Fannie Mae and Freddie Mac. This book explains how that crisis came about, and analyzes the consequences and implications.
Notes: Includes bibliographical references (p. 151-169) and index.
Table of contents: title: Introduction; title: Asian savings and American borrowing; title: The domestic politics of American home ownership; title: Fannie Mae and Freddie Mac and the mortgage room; title: The crisis of 2007-8; title: Conclusions.