04537cam a2200661 i 4500 117162 117162 18597819 BJBSDDR 20230411090828.0 a|||||r|||| 00| 0 ta 150430s2015 nyub b 000 0 eng d 2015940135 9780990976301 (paperback) 0990976300 (paperback) (OCoLC)ocn898533197 BTCTA eng BTCTA rda BDX IEB OCLCO IEB GK5 YDXCP CLE UOK OCLCF VYF FM0 CPL ON8 ZCU DLC eng lccopycat n-us--- HG 2040.5 M478s 2015 332.720973 McLean, Bethany, 6108 1970- Shaky ground : the strange saga of the U.S. mortgage giants / Bethany McLean. New York : Columbia Global Reports, 2015. 159 pages : map ; 20 cm. text txt rdacontent unmediated n rdamedia volume nc rdacarrier Includes bibliographical references (pages 150-159). Subprime -- The bazooka -- The blame game -- Housing industrial complex -- The roaring nineties -- "We were at war" -- The $9 billion accounting fraud -- The toxic twins -- Doing nothing -- Mr. Hedge Fund goes to Washington -- Defending the common man -- No end in sight -- Fixing the roof -- Shaky ground. "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"--Page 4 of cover. Federal National Mortgage Association. Asociación Federal Nacional Hipotecaria (Fannie Mae) 28144 Freddie Mac (Firm) Federal National Mortgage Association. fast (OCoLC)fst00510319 Mortgage loans United States. Prestamos hipotecarios Estados Unidos 2946 Subprime mortgage loans United States. Préstamos hipotecarios subprime Estados Unidos 11444 Subprime mortgage loans Government policy United States. Préstamos hipotecarios subprime Política gubernamental Estados Unidos 28146 Mortgage banks United States History. Bancos hipotecarios Estados Unidos 28147 Housing United States Finance. Financiación de vivienda Estados Unidos 24822 Housing. fast (OCoLC)fst00962245 Mortgage banks. fast (OCoLC)fst01026553 Mortgage loans. fast (OCoLC)fst01026596 Subprime mortgage loans. fast (OCoLC)fst01745731 United States. fast (OCoLC)fst01204155 History. fast (OCoLC)fst01411628 28143 Federal National Mortgage Association (Fannie Mae) Online version: McLean, Bethany. Shaky ground : the strange saga of the U.S. mortgage giants. New York : Columbia Global Reports, [2015] (OCoLC)914191653 0 ibc copycat 2 epcn 20 y-gencatlg lcc BK 0 0 lcc 0 0 CS BJB BJB CS 2022-09-29 0 HG 2040.5 M478s 2015 00000165288 2022-09-29 00:00:00 1 2022-09-29 BK