The Resource Shaky ground : the strange saga of the U.S. mortgage giants, Bethany McLean

Shaky ground : the strange saga of the U.S. mortgage giants, Bethany McLean

Label
Shaky ground : the strange saga of the U.S. mortgage giants
Title
Shaky ground
Title remainder
the strange saga of the U.S. mortgage giants
Statement of responsibility
Bethany McLean
Title variation
  • Strange saga of the U.S. mortgage giants
  • Strange saga of the United States mortgage giants
Creator
Author
Subject
Genre
Language
eng
Summary
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 U.S. 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
Summary
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?
Tone
Writing style
http://library.link/vocab/ext/novelist/bookUI
10446391
Cataloging source
BT
http://library.link/vocab/creatorName
McLean, Bethany
Dewey number
332.320973
Illustrations
  • illustrations
  • maps
Index
no index present
Literary form
non fiction
Nature of contents
bibliography
http://library.link/vocab/resourcePreferred
True
http://library.link/vocab/subjectName
  • Federal National Mortgage Association
  • Mortgage loans
  • Subprime mortgage loans
  • Mortgage banks
  • Housing
Target audience
adult
http://bibfra.me/vocab/lite/titleRemainder
the strange saga of the U.S. mortgage giants
Label
Shaky ground : the strange saga of the U.S. mortgage giants, Bethany McLean
Instantiates
Publication
Copyright
Bibliography note
Includes bibliographical references
Carrier category
  • volume
  • sheet
Carrier category code
  • nc
  • nb
Carrier MARC source
  • rdacarrier
  • rdacarrier
Content category
  • text
  • cartographic image
Content type code
  • txt
  • cri
Content type MARC source
  • rdacontent
  • rdacontent
Dimensions
20 cm
Extent
159 pages
Isbn
9780990976301
Lccn
2015940135
Media category
unmediated
Media MARC source
rdamedia
Media type code
  • n
Other physical details
illustration, map
Label
Shaky ground : the strange saga of the U.S. mortgage giants, Bethany McLean
Publication
Copyright
Bibliography note
Includes bibliographical references
Carrier category
  • volume
  • sheet
Carrier category code
  • nc
  • nb
Carrier MARC source
  • rdacarrier
  • rdacarrier
Content category
  • text
  • cartographic image
Content type code
  • txt
  • cri
Content type MARC source
  • rdacontent
  • rdacontent
Dimensions
20 cm
Extent
159 pages
Isbn
9780990976301
Lccn
2015940135
Media category
unmediated
Media MARC source
rdamedia
Media type code
  • n
Other physical details
illustration, map

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