Shaky Ground (eBook)

The Strange Saga of the U.S. Mortgage Giants

Bethany McLean (Autor)

eBook Download: EPUB

2015
159 Seiten
Columbia Global Reports (Verlag)
978-0-9909763-1-8 (ISBN)

Infos

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. The U.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.

Autor

Bethany McLean 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, The Smartest Guys in the Room: The Amazing Rise and Scandalous Fall of Enron 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 All the Devils Are Here: The Hidden History of the Financial Crisis. Prior to joining Fortune she had been an investment analyst at Goldman Sachs. She is a contributing editor at Vanity Fair, a columnist for Fortune.com and a contributor to CNBC. A graduate of Williams College, she lives in Chicago.

Produkt-Details

• Erscheint lt. Verlag: 14.9.2015
• Sprache: englisch
• Themenwelt: Recht / Steuern ► EU / Internationales Recht
• Themenwelt: Recht / Steuern ► Privatrecht / Bürgerliches Recht ► Sachenrecht
• Themenwelt: Sozialwissenschaften ► Politik / Verwaltung ► Staat / Verwaltung
• Themenwelt: Wirtschaft ► Betriebswirtschaft / Management ► Rechnungswesen / Bilanzen
• Themenwelt: Betriebswirtschaft / Management ► Spezielle Betriebswirtschaftslehre ► Immobilienwirtschaft
• Themenwelt: Wirtschaft ► Volkswirtschaftslehre ► Finanzwissenschaft
• Schlagworte: American dream • conservatorship • Economic Chaos • Fannie Mae • financial crisis mortgages • Freddie Mac • Hedge Funds • Home Ownership • home-ownership finance • Investments • mortgage industry • reducing the federal deficit • Securities • true-financial-crime case • U.S. Treasury
• ISBN-10: 0-9909763-1-9 / 0990976319
• ISBN-13: 978-0-9909763-1-8 / 9780990976318