The Fateful History of Fannie Mae Reviews

Author: James R. Hagerty
Edition:
Publisher: The History Press
Binding: Hardcover
ISBN: 1609497694
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The Fateful History of Fannie Mae: New Deal Birth to Mortgage Crisis Fall

In 1938, the administration of Franklin Delano Roosevelt created a small agency called Fannie Mae.The Fateful History of Fannie Mae review. Intended to make home loans more accessible, the agency was born of the Great Depression and a government desperate to revive housing construction. It was a minor detail of the New Deal, barely recorded by the newspapers of the day.

Over the next seventy years, Fannie Mae evolved into one of the largest financial companies in the world, owned by private shareholders but with its nearly trillion of debt effectively guaranteed by the government. Almost from the beginning, critics repeatedly warned that Fannie was an accident waiting to happenRead full reviews of The Fateful History Of Fannie Mae Ebook.

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In 1938, the administration of Franklin Delano Roosevelt created a small agency called Fannie Mae. Intended to make home loans more accessible, the agency was born of the Great Depression and a government desperate to revive housing construction. It was a minor detail of the New Deal, barely recorded by the newspapers of the day. Over the next seventy years, Fannie Mae evolved into one of the largest financial companies in the world, owned by private shareholders but with its nearly trillion of debt effectively guaranteed by the government. Almost from the beginning, critics repeatedly warn

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The Fateful History of Fannie Mae

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The Fateful History of Fannie Mae: New Deal Birth to Mortgage Crisis Fall ISBN :9781609497699 Title :The Fateful History of Fannie Mae: New Deal Birth to Mortgage Crisis Fall Authors :James R. Hagerty Binding :Hardcover Publisher :The History Press Publication Date :Sep 4 2012 Edition : Condition :Used - Good About Goodwill of Greater Washington Goodwill of Greater Washington''s mission is to educate, train, employ and place people with disadvantages and disabilities, creating a stronger workfo

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The Fateful History of Fannie Mae Reviews

Intended to make home loans more accessible, the agency was born of the Great Depression and a government desperate to revive housing construction. It was a minor detail of the New Deal, barely recorded by the newspapers of the day.

Over the next seventy years, Fannie Mae evolved into one of the largest financial companies in the world, owned by private shareholders but with its nearly trillion of debt effectively guaranteed by the government. Almost from the beginning, critics repeatedly warned that Fannie was an accident waiting to happen. Then, in 2008, the housing market collapsed. Amid a wave of foreclosures, the company's capital began to run out, and the U.S. Treasury seized control.

From the New Deal to the administration of President Obama, author James R. Hagerty explains this fascinating but little-understood saga. Based on his reporting for the Wall Street Journal, personal research and interviews with executives, regulators and congressional leaders, Hagerty charts the course of Fannie Mae. With The Fateful History of Fannie Mae, he explains the politics, economics and human frailties behind seven decades of missed opportunities to prevent a financial disaster.