Shaky Ground: The Strange Saga of the U.S. Mortgage Giants
(eBook)

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Published
Columbia Global Reports, 2015.
Format
eBook
Status
Available Online

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Language
English
ISBN
9780990976318

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Citations

APA Citation, 7th Edition (style guide)

Bethany McLean., & Bethany McLean|AUTHOR. (2015). Shaky Ground: The Strange Saga of the U.S. Mortgage Giants . Columbia Global Reports.

Chicago / Turabian - Author Date Citation, 17th Edition (style guide)

Bethany McLean and Bethany McLean|AUTHOR. 2015. Shaky Ground: The Strange Saga of the U.S. Mortgage Giants. Columbia Global Reports.

Chicago / Turabian - Humanities (Notes and Bibliography) Citation, 17th Edition (style guide)

Bethany McLean and Bethany McLean|AUTHOR. Shaky Ground: The Strange Saga of the U.S. Mortgage Giants Columbia Global Reports, 2015.

MLA Citation, 9th Edition (style guide)

Bethany McLean, and Bethany McLean|AUTHOR. Shaky Ground: The Strange Saga of the U.S. Mortgage Giants Columbia Global Reports, 2015.

Note! Citations contain only title, author, edition, publisher, and year published. Citations should be used as a guideline and should be double checked for accuracy. Citation formats are based on standards as of August 2021.

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Grouped Work ID3d689e7e-7f0a-6213-b136-128c8c0ed387-eng
Full titleshaky ground the strange saga of the u s mortgage giants
Authormclean bethany
Grouping Categorybook
Last Update2023-06-21 12:01:05PM
Last Indexed2024-03-29 02:48:52AM

Book Cover Information

Image Sourcehoopla
First LoadedJul 21, 2023
Last UsedMar 20, 2024

Hoopla Extract Information

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    [synopsis] => In a way, the situation is ironic: housing was at the root of the financial crisis, and six years after the meltdown, housing finance is still the greatest unsolved issue. TheU.S. housing market is roughly $10 trillion, making it one of the largest segments of the bond market. Roughly 70 percent of the American population has a mortgage, and for most people, the mortgage is the most important financial instrument in their lives. But until the financial crisis, few people knew the essential role that Fannie Mae and Freddie Mac play in their mortgages. Given the $188 billion government bailout of the two firms - the most expensive bailout in history - the politics surrounding housing are worse than they've ever been, and the two gigantic firms sit in limbo. Best-selling investigative journalist Bethany McLean, the coauthor of The Smartest Guys in the Room and All the Devils Are Here, explains why the situation is dangerous and unsustainable, and proposes a few solutions - from the perfect, but politically unfeasible to the doable, but ugly.
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