Coverart for item
The Resource Guaranteed to fail : Fannie Mae, Freddie Mac, and the debacle of mortgage finance, Viral V. Acharya ... [et al.]

Guaranteed to fail : Fannie Mae, Freddie Mac, and the debacle of mortgage finance, Viral V. Acharya ... [et al.]

Label
Guaranteed to fail : Fannie Mae, Freddie Mac, and the debacle of mortgage finance
Title
Guaranteed to fail
Title remainder
Fannie Mae, Freddie Mac, and the debacle of mortgage finance
Statement of responsibility
Viral V. Acharya ... [et al.]
Contributor
Subject
Language
eng
Summary
The financial collapse of Fannie Mae and Freddie Mac in 2008 led to one of the most sweeping government interventions in private financial markets in history. The bailout has already cost American taxpayers close to $150 billion, and substantially more will be needed. The U.S. economy--and by extension, the global financial system--has a lot riding on Fannie and Freddie. They cannot fail, yet that is precisely what these mortgage giants are guaranteed to do. How can we limit the damage to our economy, and avoid making the same mistakes in the future? Guaranteed to Fail explains how poorly designed government guarantees for Fannie Mae and Freddie Mac led to the debacle of mortgage finance in the United States, weighs different reform proposals, and provides sensible, practical recommendations. Despite repeated calls for tougher action, Washington has expanded the scope of its guarantees to Fannie and Freddie, fueling more and more housing and mortgages all across the economy--and putting all of us at risk. This book unravels the dizzyingly immense, highly interconnected businesses of Fannie and Freddie. It proposes a unique model of reform that emphasizes public-private partnership, one that can serve as a blueprint for better organizing and managing government-sponsored enterprises like Fannie Mae and Freddie Mac. In doing so, Guaranteed to Fail strikes a cautionary note about excessive government intervention in markets
Cataloging source
DLC
Dewey number
332.7/20973
Illustrations
illustrations
Index
index present
LC call number
HG2040.5.U5
LC item number
G83 2011
Literary form
non fiction
Nature of contents
bibliography
http://library.link/vocab/relatedWorkOrContributorName
Acharya, Viral V
http://library.link/vocab/subjectName
  • Freddie Mac (Firm)
  • Federal National Mortgage Association
  • Mortgage loans
  • Housing
  • Business failures
  • Financial crises
Label
Guaranteed to fail : Fannie Mae, Freddie Mac, and the debacle of mortgage finance, Viral V. Acharya ... [et al.]
Instantiates
Publication
Bar code
31223098593123
Bibliography note
Includes bibliographical references (p.187-205) and index
Carrier category
volume
Carrier category code
  • nc
Carrier MARC source
rdacarrier
Content category
text
Content type code
  • txt
Content type MARC source
rdacontent
Contents
Feeding the beast -- Ticking time bomb -- Race to the bottom -- Too big to fail -- End of days -- In bed with the Fed -- How others do it -- How to reform a broken system -- Chasing the dragon
Dimensions
23 cm
Extent
x, 222 p.
Isbn
9780691150789
Lccn
2011000247
Media category
unmediated
Media MARC source
rdamedia
Media type code
  • n
Other physical details
ill.
System control number
  • 687685725
  • (OCoLC)687685725
Label
Guaranteed to fail : Fannie Mae, Freddie Mac, and the debacle of mortgage finance, Viral V. Acharya ... [et al.]
Publication
Bar code
31223098593123
Bibliography note
Includes bibliographical references (p.187-205) and index
Carrier category
volume
Carrier category code
  • nc
Carrier MARC source
rdacarrier
Content category
text
Content type code
  • txt
Content type MARC source
rdacontent
Contents
Feeding the beast -- Ticking time bomb -- Race to the bottom -- Too big to fail -- End of days -- In bed with the Fed -- How others do it -- How to reform a broken system -- Chasing the dragon
Dimensions
23 cm
Extent
x, 222 p.
Isbn
9780691150789
Lccn
2011000247
Media category
unmediated
Media MARC source
rdamedia
Media type code
  • n
Other physical details
ill.
System control number
  • 687685725
  • (OCoLC)687685725

Library Locations

    • San Francisco Public LibraryBorrow it
      100 Larkin Street, San Francisco, CA, 94102, US
      37.779376 -122.415795
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