Shaky Ground: The Strange Saga of the U.S. Mortgage Giants
| Author | : | |
| Rating | : | 4.11 (857 Votes) |
| Asin | : | 0990976300 |
| Format Type | : | paperback |
| Number of Pages | : | 159 Pages |
| Publish Date | : | 2014-10-04 |
| Language | : | English |
DESCRIPTION:
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
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 have continued for 7 years as of today (Happy Anniversary!), is because of a decayed political system we are in. So many things could be improved in our housing system, yet the politicians and special interest groups have to spend all their efforts fending each other off, instead of fixing the problems. Bethany expertly puts together the real world facts . 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 also were have changed dramatically; why are the GSEs still sitting in limbo? The reason turns out to be that Congress can't agree on what the fix should be, or can't bite the bullet and face up to the needed changes. Progressives want the subsidy of affordable housing maintained; free market believers want it ended; good-government moderates try to cra. 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 political issues. She has a very accurate perspective on the role of these giants both before and after the conservatorships. I'm more concerned than ever after reading this that the government's housing policies distort markets and unnecessarily drive/limit the lifestyle choices of individuals. It's a great book and a quick read on issues that have been . 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 political issues. She has a very accurate perspective on the role of these giants both before and after the conservatorships. I'm more concerned than ever after reading this that the government's housing policies distort markets and unnecessarily drive/limit the lifestyle choices of individuals. It's a great book and a quick read on issues that have been . said 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 political issues. She has a very accurate perspective on the role of these giants both before and after the conservatorships. I'm more concerned than ever after reading this that the government's housing policies distort markets and unnecessarily drive/limit the lifestyle choices of individuals. It's a great book and a quick read on issues that have been
By the end of the century, they had become extremely profitable and powerful companies, instrumental in putting millions of Americans in their homes. 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. Treasury put Fannie and Freddie into a life-support state known as "conservatorship" to prevent their failure--and worldwide economic chaos. Fannie Mae and Freddie Mac were created by Congress to serve the American Dream of homeownership. Today, Fannie and Freddie are profitable again but still in conservatorship. The two companies, which were always controversial, have become a battleground. So why does the government now want them dead?In 2008, the U.S. Their profits are being redirected toward reducing the federal