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Days of Slaughter: Inside the Fall of Freddie Mac and Why It Could Happen Again
Susan Wharton Gates
€ 27.99
€ 24.07
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Description for Days of Slaughter: Inside the Fall of Freddie Mac and Why It Could Happen Again
Hardback. A cautionary tale of failed policies and corporate mismanagement that compellingly addresses previously unexplored issues of political ideology, organizational dynamics, and ethics, Days of Slaughter will appeal to readers everywhere who want a fuller explanation of what went awry in the US housing market. Num Pages: 304 pages. BIC Classification: JP; KCZ; KFFR; PDX. Category: (P) Professional & Vocational. Dimension: 229 x 152 x 24. .
In September 2008, beset by mounting losses on high-risk mortgages and mortgage securities, the Federal Home Loan Mortgage Corporation teetered on the brink of insolvency. Fearing that confidence in the housing market would collapse completely if Freddie Mac and its competitor Fannie Mae failed, the US government made the difficult decision to place the two firms into conservatorship, taking control away from shareholders. Although the taxpayer commitment of hundreds of billions was meant to stabilize the housing finance system, Freddie's fall at the start of the financial crisis set off shockwaves around the world. In Days ... Read more
In September 2008, beset by mounting losses on high-risk mortgages and mortgage securities, the Federal Home Loan Mortgage Corporation teetered on the brink of insolvency. Fearing that confidence in the housing market would collapse completely if Freddie Mac and its competitor Fannie Mae failed, the US government made the difficult decision to place the two firms into conservatorship, taking control away from shareholders. Although the taxpayer commitment of hundreds of billions was meant to stabilize the housing finance system, Freddie's fall at the start of the financial crisis set off shockwaves around the world. In Days ... Read more
Product Details
Publisher
Johns Hopkins University Press
Format
Hardback
Publication date
2017
Condition
New
Weight
28g
Number of Pages
304
Place of Publication
Baltimore, MD, United States
ISBN
9781421421933
SKU
V9781421421933
Shipping Time
Usually ships in 7 to 11 working days
Ref
99-36
About Susan Wharton Gates
Susan Wharton Gates, the founder of the Wharton Policy Group, LLC, teaches at Virginia Tech's Center for Public Administration and Policy and the Pamplin School of Business. She is also a capstone advisor for Georgetown University's Master of Professional Studies in Real Estate program.
Reviews for Days of Slaughter: Inside the Fall of Freddie Mac and Why It Could Happen Again
This detailed, thoughtful examination of the GSEs before, during, and after the crisis is a welcome contribution to the historical record of a turbulent time.
Publishers Weekly
Highly recommended.
Choice
[Gates] accurately portrays the dysfunctional policies advocated by rapacious industry trade groups, self-styled consumer advocates, and politicians of all persuasions.
Library of Economics ... Read more
Publishers Weekly
Highly recommended.
Choice
[Gates] accurately portrays the dysfunctional policies advocated by rapacious industry trade groups, self-styled consumer advocates, and politicians of all persuasions.
Library of Economics ... Read more