Fannie Mae and Freddie Mac

It is astonishing and somewhat unsettling that the best scholarly work about Fannie Mae and Freddie Mac and their role in the 2008 financial crisis should have produced by Oonagh McDonald, a British student of the financial markets. The book is doubly useful because Ms McDonald cannot be accused of bias on an issue that has become excessively politicized in the US. If you want to know how US government housing policy led to the financial crisis, it is in these pages. Peter J. Wallison, Arthur F. Burns Fellow in Financial Policy Studies, American Enterprise Institute, USA