TY  - BOOK
AU  - McLean,Bethany
ED  - Federal National Mortgage Association (Fannie Mae) 
TI  - Shaky ground: the strange saga of the U.S. mortgage giants 
SN  - 9780990976301 (paperback)
AV  - HG 2040.5 M478s 2015
U1  - 332.720973 
PY  - 2015///
CY  - New York
PB  - Columbia Global Reports
KW  - Federal National Mortgage Association
KW  - Asociación Federal Nacional Hipotecaria (Fannie Mae)
KW  - Freddie Mac (Firm)
KW  - fast
KW  - Mortgage loans
KW  - United States
KW  - Prestamos hipotecarios
KW  - Estados Unidos
KW  - Subprime mortgage loans
KW  - Préstamos hipotecarios subprime
KW  - Government policy
KW  - Política gubernamental
KW  - Mortgage banks
KW  - History
KW  - Bancos hipotecarios
KW  - Housing
KW  - Finance
KW  - Financiación de vivienda
N1  - 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
N2  - "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
ER  -