Go
 

  Get this audio book:




Learn More About
Find More Titles by
This Author: Bethany McLean
This Narrator: Gabra Zackman
This Publisher: Audible.com

Shaky Ground: The Strange Saga of the US Mortgage Giants by Bethany McLean

Shaky Ground: The Strange Saga of the US Mortgage Giants

by Bethany McLean


Video About This Audio Book



Title Details

Narrator
Publisher
 
Unabridged Edition
Running Time
3 Hrs.33 Min.

Description

Fannie Mae and Freddie Mac were created by Congress to serve the American dream of homeownership. By the end of the century, they had become extremely profitable and powerful companies, instrumental in putting millions of Americans in their homes.

So why does the government now want them dead?

In 2008 the US Treasury put Fannie and Freddie into a life-support state known as "conservatorship" to prevent their failure - and worldwide economic chaos. The two companies, which were always controversial, have become a battleground. Today, Fannie and Freddie are profitable again but still in conservatorship. Their profits are being redirected toward reducing the federal deficit, which leaves them with no buffer should they suffer losses again. 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. But the current state of limbo is unsustainable.

Based on comprehensive reporting and dozens of interviews, Shaky Ground 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 economy.

Cover design by Strick&Williams


People Who Liked Shaky Ground: The Strange Saga of the US Mortgage Giants Also Liked These Titles:
  Mutual Fund Marketing & Distribution
by Kathleen O'Halloran

Reviews & Ratings
User Reviews         Rate this title  

More Details

  • Published: September 2015
  • LearnOutLoud.com Product ID: S093278
Available On
Volumes
ISBN-10
ISBN-13
Download