Free download and read ebooks online Shaky Ground - The Strange Saga Of The U.S. Mortgage Giants by Bethany McLean full book PDF ePUB Audiobook. Download a free ebooks and kindle audiobook Shaky Ground - The Strange Saga Of The U.S. Mortgage Giants with ISBN id 9780990976301 full page with book summary. Bethany McLean book PDF ePUB of Shaky Ground - The Strange Saga Of The U.S. Mortgage Giants published by in 2015. Shaky Ground released with category Business & Economics with total 159 pages.
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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.
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“The planet is fine. The people are fucked.” ― George Carlin
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