{"product_id":"shaky-ground-the-strange-saga-of-the-u-s-mortgage-giants","title":"Shaky Ground: The Strange Saga of the U.S. Mortgage Giants","description":"\u003cstrong\u003eFannie 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.\u003c\/strong\u003e \u003cp\u003e\u003c\/p\u003e \u003cstrong\u003eSo why does the government now want them dead?\u003c\/strong\u003e \u003cp\u003e\u003c\/p\u003e 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. \u003cp\u003e\u003c\/p\u003e Based on comprehensive reporting and dozens of interviews, \u003cem\u003eShaky Ground \u003c\/em\u003echronicles 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-and why it must be placed on firmer ground.\u003cbr\u003e\u003cbr\u003e\u003cb\u003eAuthor:\u003c\/b\u003e \u003ca href=\"https:\/\/cacorrectionsbookstore.com\/search?type=product%2Carticle%2Cpage\u0026amp;q=AUTH-3166291\"\u003eBethany McLean\u003c\/a\u003e\u003cbr\u003e\u003cb\u003ePublisher:\u003c\/b\u003e Columbia Global Reports\u003cbr\u003e\u003cb\u003ePublished:\u003c\/b\u003e 09\/14\/2015\u003cbr\u003e\u003cb\u003ePages:\u003c\/b\u003e 160\u003cbr\u003e\u003cb\u003eBinding Type:\u003c\/b\u003e Paperback\u003cbr\u003e\u003cb\u003eWeight:\u003c\/b\u003e 0.40lbs\u003cbr\u003e\u003cb\u003eSize:\u003c\/b\u003e 7.40h x 5.00w x 0.50d\u003cbr\u003e\u003cb\u003eISBN13:\u003c\/b\u003e 9780990976301\u003cbr\u003e\u003cb\u003eISBN10:\u003c\/b\u003e 0990976300\u003cbr\u003e\u003cb\u003eBISAC Categories:\u003c\/b\u003e\u003cbr\u003e- \u003ca href=\"https:\/\/cacorrectionsbookstore.com\/search?type=product%2Carticle%2Cpage\u0026amp;q=CAT-BUS\"\u003eBusiness \u0026amp; Economics\u003c\/a\u003e | \u003ca href=\"https:\/\/cacorrectionsbookstore.com\/search?type=product%2Carticle%2Cpage\u0026amp;q=BISAC-BUS079000\"\u003eGovernment \u0026amp; Business\u003c\/a\u003e\u003cbr\u003e- \u003ca href=\"https:\/\/cacorrectionsbookstore.com\/search?type=product%2Carticle%2Cpage\u0026amp;q=CAT-BUS\"\u003eBusiness \u0026amp; Economics\u003c\/a\u003e | \u003ca href=\"https:\/\/cacorrectionsbookstore.com\/search?type=product%2Carticle%2Cpage\u0026amp;q=BISAC-BUS070140\"\u003eIndustries | Financial Services\u003c\/a\u003e\u003cbr\u003e- \u003ca href=\"https:\/\/cacorrectionsbookstore.com\/search?type=product%2Carticle%2Cpage\u0026amp;q=CAT-BUS\"\u003eBusiness \u0026amp; Economics\u003c\/a\u003e | \u003ca href=\"https:\/\/cacorrectionsbookstore.com\/search?type=product%2Carticle%2Cpage\u0026amp;q=BISAC-BUS054030\"\u003eReal Estate | Mortgages\u003c\/a\u003e\u003cbr\u003e\u003cbr\u003e\u003cp\u003e\u003cb\u003eAbout the Author\u003c\/b\u003e\u003cbr\u003e\u003cb\u003eBethany McLean\u003c\/b\u003e is an investigative journalist known for her work on the Enron scandal and the 2008 financial crisis. In 2001 as a young reporter at Fortune magazine, where she eventually became an editor at large, she wrote Is Enron Overpriced?, one of the first skeptical articles about Enron. After the company collapsed into bankruptcy, she coauthored the bestseller, \u003ci\u003eThe Smartest Guys in the Room: The Amazing Rise and Scandalous Fall of Enron\u003c\/i\u003e with her Fortune colleague Peter Elkin. A documentary based on the book was nominated for an Academy Award in 2006. Her most recent book, which she coauthored with New York Times columnist Joe Nocera, is \u003ci\u003eAll the Devils Are Here: The Hidden History of the Financial Crisis\u003c\/i\u003e. Prior to joining \u003ci\u003eFortune\u003c\/i\u003e she had been an investment analyst at Goldman Sachs. She is a contributing editor at \u003ci\u003eVanity Fair\u003c\/i\u003e, a columnist for Fortune.com and a contributor to CNBC. A graduate of Williams College, she lives in Chicago.\u003c\/p\u003e","brand":"Columbia Global Reports","offers":[{"title":"Default Title","offer_id":44291927867531,"sku":"9780990976301","price":12.99,"currency_code":"USD","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0626\/5100\/7115\/files\/img_f33fbe48-e17c-40c0-8c8d-58c703194b50.jpg?v=1758907615","url":"https:\/\/cacorrectionsbookstore.com\/products\/shaky-ground-the-strange-saga-of-the-u-s-mortgage-giants","provider":"CA Corrections Bookstore","version":"1.0","type":"link"}