Shaky Ground: The Strange Saga of the U.S. Mortgage Giants
| Author | : | |
| Rating | : | 4.59 (608 Votes) |
| Asin | : | 0990976300 |
| Format Type | : | paperback |
| Number of Pages | : | 159 Pages |
| Publish Date | : | 2018-02-05 |
| Language | : | English |
DESCRIPTION:
Best Book Ever Read Because of Bonus Underlying Enlightenment of Our Political Machinery This would have to be one of the best books I've ever read. Not exactly for the reason you would think though. This book belongs in the hand of every teenager or adult that plans on being involved more in our political system (this should be everyone). The only way this whole saga could h. MT57 said Brief Update of Fannie & Freddie ( although nothing's really changed). This is a very brief (161 pages) update on the status of Fannie Mae and Freddie Mac, 6 years after the federal takeover. Nothing has really changed, which is the author's point. They clearly were at the center of the financial crisis, and all of the other major financial institutions that. "Brilliant update on the role of the mortgage giants in the financial crisis and after" according to Laocoon1Brilliant update on the role of the mortgage giants in the financial crisis and after Laocoon143 Brilliant and concise overview of what has happened to mortgage giants Fannie Mae and Freddie Mac since the financial crisis. I'm retired from high-level positions in handling mortgage portfolios, and it's my considered professional opinion that Bethany nails it on the key financial and p. Brilliant update on the role of the mortgage giants in the financial crisis and after Brilliant and concise overview of what has happened to mortgage giants Fannie Mae and Freddie Mac since the financial crisis. I'm retired from high-level positions in handling mortgage portfolios, and it's my considered professional opinion that Bethany nails it on the key financial and p. . Brilliant and concise overview of what has happened to mortgage giants Fannie Mae and Freddie Mac since the financial crisis. I'm retired from high-level positions in handling mortgage portfolios, and it's my considered professional opinion that Bethany nails it on the key financial and p
Washington Post Notable Nonfiction Book of 2015Washington Post Nonfiction Bestseller"Bethany McLean has written an insightful guide to one of the fascinating true-financial-crime cases of our time."--Simon Johnson, The Washington Post"Bethany McLean romps through the well-intentioned founding of Fannie and Freddie, via their gradual corruption to the current unhappy limbo, with the government and hedge funds fighting over the scraps in the courtsMcLean deftly steers a sensible course through the competing claims."--Tom Braithwaite, Financial Times"An excellent new book that attempts to make sense of the senseless history of Fannie and Freddie."--Alan Murray, Fortune"In a short, lucid paperback (or e-book) from a new publishing arm of Columbia University, McLean explains how the topsy-turvy world of Fannie and Freddie came to be and why government control of them likely will limp along indefinitely as the major unresolved issue of the financial crisis."--USA Today"The latest very smart finance book by McLeanwho found a very good topic in our deeply flawed home mortgage system."-- The National Book Review"Readers of this maddening, sharp report will rightly wonder why Fannie Mae and Freddie Mac have been allowed to survive and why we can't do better."--Kirkus Reviews"McLean ably describes a situation where, seven years past the brink of economic collapse, Fannie and Freddie are severely undercapitalized, faced with investor lawsuits, and caught up in political infighting that prevents either comprehensive reform or their ultimate abolition." Publishers Weekly
So why does the government now want them dead?In 2008, the U.S. The two companies, which were always controversial, have become a battleground. Treasury put Fannie and Freddie into a life-support state known as "conservatorship" to prevent their failure--and worldwide economic chaos. By the end of the century, they had become extremely profitable and powerful companies, instrumental in putting millions of Americans in their homes. But the current state of limbo is unsustainable.Based on comprehensive reporting and dozens of interviews, Shaky Ground by bestselling author Bethany McLean, chronicles the story of Fannie and Freddie seven years after the meltdown, and tells us why homeownership finance is now one of the biggest unsolved issues in today's global. China and Japan are big owners of Fannie and Freddie securities, and they want to ensure the safety of their investments--which helps explain why the government is at an impasse about what to do. Today, Fannie and Freddie are profitable again but still in conservatorship. Fannie Mae and Freddie Mac were created by Congress to serve the Ameri