简介：The subprime mortgage financial crisis reflected and affected many finance companies operate in the UnitedStates and abroad. Bearn Stearns was acquired in March 2008 by J. P Morgan Chase, Merill Lynch was acquiredby Bank of America in September 2008, Fannie Mae and Freddie Mac were taken over by the U.S. governmenton 7 September, 2008, Lehman Brothers declared bankruptcy on 15 September, 2008, Washington Mutualdeclared bankruptcy in September 2008 etc.. All of the American Finance Companies above were affected fromthe subprime mortgage financial crisis. The author will study the takeover of Fannie Mae as a case study.
简介：The subprime mortgage financial crisis reflected and affected many finance companies operate in the UnitedStates and abroad. Bearn Stearns was acquired in March 2008 by J. P Morgan Chase, Merill Lynch was acquiredby Bank of America in September 2008, Fannie Mae and Freddie Mac were taken over by the U.S. governmenton 7 September, 2008, Lehman Brothers declared bankruptcy on 15 September, 2008, Washington Mutualdeclared bankruptcy in September 2008 etc.. All of the American Finance Companies above were affected fromthe subprime mortgage financial crisis. The author will study the takeover of Fannie Mae as a case study.