Guaranteed to Fail : : Fannie Mae, Freddie Mac, and the Debacle of Mortgage Finance / / Matthew Richardson, Viral V. Acharya, Lawrence J. White, Stijn van Nieuwerburgh.

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 extens...

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Superior document:Title is part of eBook package: De Gruyter Princeton University Press eBook-Package Backlist 2000-2013
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Place / Publishing House:Princeton, NJ : : Princeton University Press, , [2011]
©2011
Year of Publication:2011
Edition:Course Book
Language:English
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Physical Description:1 online resource (232 p.)
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072 7 |a BUS027000  |2 bisacsh 
082 0 4 |a 332.7/20973  |2 22 
100 1 |a Acharya, Viral V.,   |e author.  |4 aut  |4 http://id.loc.gov/vocabulary/relators/aut 
245 1 0 |a Guaranteed to Fail :  |b Fannie Mae, Freddie Mac, and the Debacle of Mortgage Finance /  |c Matthew Richardson, Viral V. Acharya, Lawrence J. White, Stijn van Nieuwerburgh. 
250 |a Course Book 
264 1 |a Princeton, NJ :   |b Princeton University Press,   |c [2011] 
264 4 |c ©2011 
300 |a 1 online resource (232 p.) 
336 |a text  |b txt  |2 rdacontent 
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505 0 0 |t Frontmatter --   |t Contents --   |t Acknowledgments --   |t Prologue --   |t ONE. Feeding the Beast --   |t TWO. Ticking Time Bomb --   |t THREE. Race to the Bottom --   |t FOUR. Too Big to Fail --   |t FIVE. End of Days --   |t SIX. In Bed with the Fed --   |t SEVEN. How Others Do It --   |t EIGHT. How to Reform a Broken System --   |t NINE. Chasing the Dragon --   |t Epilogue --   |t Appendix: Timeline of U.S. Housing Finance Milestones --   |t Notes --   |t Glossary --   |t Index 
506 0 |a restricted access  |u http://purl.org/coar/access_right/c_16ec  |f online access with authorization  |2 star 
520 |a 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. 
530 |a Issued also in print. 
538 |a Mode of access: Internet via World Wide Web. 
546 |a In English. 
588 0 |a Description based on online resource; title from PDF title page (publisher's Web site, viewed 29. Mrz 2022) 
650 0 |a Business failures  |z United States  |x History  |y 21st century. 
650 0 |a Financial crises  |z United States  |x History  |y 21st century. 
650 0 |a Housing  |z United States  |x Finance. 
650 0 |a Mortgage loans  |x Government policy  |z United States. 
650 7 |a BUSINESS & ECONOMICS / Finance / General.  |2 bisacsh 
653 |a Affordable housing. 
653 |a Agency debt. 
653 |a Alt-A. 
653 |a Asset management. 
653 |a Asset. 
653 |a Balance sheet. 
653 |a Bank of America. 
653 |a Bank run. 
653 |a Bank. 
653 |a Bear Stearns. 
653 |a Ben Bernanke. 
653 |a Capital market. 
653 |a Capital requirement. 
653 |a Cash. 
653 |a Central bank. 
653 |a Citigroup. 
653 |a Commercial bank. 
653 |a Conservatorship. 
653 |a Countrywide. 
653 |a Credit (finance). 
653 |a Credit risk. 
653 |a Credit score in the United States. 
653 |a Credit score. 
653 |a Creditor. 
653 |a Debt. 
653 |a Dodd-Frank Wall Street Reform and Consumer Protection Act. 
653 |a Down payment. 
653 |a Economics. 
653 |a Economist. 
653 |a Economy. 
653 |a Equity (finance). 
653 |a Fannie Mae. 
653 |a Federal Housing Administration. 
653 |a Federal Housing Finance Agency. 
653 |a Finance. 
653 |a Financial crisis. 
653 |a Financial institution. 
653 |a Financial services. 
653 |a Fixed-rate mortgage. 
653 |a Foreclosure. 
653 |a Freddie Mac. 
653 |a Funding. 
653 |a Government National Mortgage Association. 
653 |a Government debt. 
653 |a Guarantee. 
653 |a Hedge fund. 
653 |a Heitor Almeida. 
653 |a Henry Paulson. 
653 |a Home equity. 
653 |a Household. 
653 |a Income. 
653 |a Insolvency. 
653 |a Insurance. 
653 |a Interest rate risk. 
653 |a Interest rate. 
653 |a Investment. 
653 |a Investor. 
653 |a JPMorgan Chase. 
653 |a Lehman Brothers. 
653 |a Lender of last resort. 
653 |a Leverage (finance). 
653 |a Line of credit. 
653 |a Macroeconomics. 
653 |a Market discipline. 
653 |a Market liquidity. 
653 |a Monetary policy. 
653 |a Moral hazard. 
653 |a Mortgage Rate. 
653 |a Mortgage bank. 
653 |a Mortgage loan. 
653 |a Payment. 
653 |a Pension fund. 
653 |a Percentage. 
653 |a Private mortgage. 
653 |a Private sector. 
653 |a Privatization. 
653 |a Quantitative easing. 
653 |a Race to the bottom. 
653 |a Real estate appraisal. 
653 |a Real estate economics. 
653 |a Receivership. 
653 |a Recession. 
653 |a Refinancing. 
653 |a Repurchase agreement. 
653 |a Resolution Trust Corporation. 
653 |a Return on equity. 
653 |a Saving. 
653 |a Savings and loan association. 
653 |a Secondary mortgage market. 
653 |a Securitization. 
653 |a Security (finance). 
653 |a Subprime. 
653 |a Subsidy. 
653 |a Systemic risk. 
653 |a Too big to fail. 
653 |a Underwriting Standards. 
653 |a Underwriting. 
653 |a Value (economics). 
653 |a Washington Mutual. 
653 |a Working paper. 
700 1 |a Richardson, Matthew,   |e author.  |4 aut  |4 http://id.loc.gov/vocabulary/relators/aut 
700 1 |a van Nieuwerburgh, Stijn,   |e author.  |4 aut  |4 http://id.loc.gov/vocabulary/relators/aut 
773 0 8 |i Title is part of eBook package:  |d De Gruyter  |t Princeton University Press eBook-Package Backlist 2000-2013  |z 9783110442502 
776 0 |c print  |z 9780691150789 
856 4 0 |u https://doi.org/10.1515/9781400838097 
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