Shaky Ground
By:Bethany McLean
Published on 2015 by
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 andAll 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.
This Book was ranked at 19 by Google Books for keyword Mortgage.
Book ID of Shaky Ground's Books is zB-0rQEACAAJ, Book which was written byBethany McLeanhave ETAG "U9upCVGwW9k"
Book which was published by since 2015 have ISBNs, ISBN 13 Code is 9780990976301 and ISBN 10 Code is 0990976300
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Book which have "159 Pages" is Printed at BOOK under CategoryBusiness and Economics
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