11min chapter

Odd Lots cover image

A Guggenheim Executive's Radical Plan to Build Millions of New Homes

Odd Lots

CHAPTER

Aftermath of the 2008 Crisis: AIG and Housing Reform

This chapter examines the government's financial strategies following the 2008 financial crisis, particularly through the lens of AIG's recapitalization which yielded a $22 billion return. It also discusses the historical context of Fannie Mae and Freddie Mac, their role in the mortgage market, and the regulatory changes that emerged in response to the crisis.

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