Friday, November 20, 2015

Shaky Ground: The Strange Saga of the U.S. Mortgage Giants

Stall. Readers with an interest in housing finance should consider Bethany McLean’s short book titled, Shaky Ground, to be required reading. Using the finely honed investigative skills she developed at Fortune, especially on examining Enron, McLean looks into the stalled resolution of Fannie Mae and Freddie Mac. These government sponsored entities have been in conservatorship since 2008, and there seems to be no progress on resolving what to do with them next. The result is a housing finance system that rests on shaky ground because of the dominant reliance on these companies to support homeownership. McLean views the situation from multiple perspectives and explains the stalemate and stall in resolution with pragmatic empathy. She joins many others in not seeing a way to get off this shaky ground. Rating: Five-star (I love it) Click here to purchase Shaky Ground from

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