Guaranteed to Fail

Guaranteed to Fail
Author :
Publisher : Princeton University Press
Total Pages : 233
Release :
ISBN-10 : 9781400838097
ISBN-13 : 1400838096
Rating : 4/5 (096 Downloads)

Book Synopsis Guaranteed to Fail by : Viral V. Acharya

Download or read book Guaranteed to Fail written by Viral V. Acharya and published by Princeton University Press. This book was released on 2011-03-14 with total page 233 pages. Available in PDF, EPUB and Kindle. Book excerpt: Why America's public-private mortgage giants threaten the world economy—and what to do about it 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.


Guaranteed to Fail Related Books

Guaranteed to Fail
Language: en
Pages: 233
Authors: Viral V. Acharya
Categories: Business & Economics
Type: BOOK - Published: 2011-03-14 - Publisher: Princeton University Press

DOWNLOAD EBOOK

Why America's public-private mortgage giants threaten the world economy—and what to do about it The financial collapse of Fannie Mae and Freddie Mac in 2008 l
Impossible To Fail
Language: en
Pages: 272
Authors: Ron Malhotra
Categories: Self-Help
Type: BOOK - Published: 2020-03-02 - Publisher: Karen MC Dermott

DOWNLOAD EBOOK

The complete formula for an extraordinary life and lifestyle by Ron Malhotra.
Fannie Mae and Freddie Mac
Language: en
Pages: 494
Authors: Oonagh McDonald
Categories: Business & Economics
Type: BOOK - Published: 2013-07-18 - Publisher: A&C Black

DOWNLOAD EBOOK

The book demonstrates how politicians and federal agencies dominated Fannie Mae and Freddie Mac and took just thirteen years to wreck the American dream of home
The Fateful History of Fannie Mae
Language: en
Pages: 241
Authors: James R. Hagerty
Categories: Business & Economics
Type: BOOK - Published: 2012-09-04 - Publisher: Arcadia Publishing

DOWNLOAD EBOOK

“A lucid and meticulously reported book by one of the Wall Street Journal’s ace reporters” (George Anders, Forbes contributor and author of The Rare Find)
The Failed Welfare Revolution
Language: en
Pages: 320
Authors: Brian Steensland
Categories: Political Science
Type: BOOK - Published: 2017-10-31 - Publisher: Princeton University Press

DOWNLOAD EBOOK

Today the United States has one of the highest poverty rates among the world's rich industrial democracies. The Failed Welfare Revolution shows us that things m