J4 ›› 2010, Vol. 9 ›› Issue (1): 27-29.

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The Politic Analysis of Financial Crisis of America

  

  1. Central University of Finance and Economics, Beijing 100081, China
  • Received:2009-11-04 Online:2010-01-15 Published:2010-01-15

Abstract:

One of formative factor of the sub-prime mortgage crisis in America is the politicization of the financial markets. In the
government's political aspirations, the United States financial institutions bundled sub-prime mortgages with "Home Ownership" and other political ideals, not only successfully avoided the risk assessment and regulatory supervision of financial markets, also led to the allocation of resources mechanism of distortion and ultimately become a fundamental reason of this crisis.

Key words: Politicization of the financial mackets, sub-prime mortgage, Fannie Mae and Freddie Mac

CLC Number: