Friday, October 30, 2015

Book review: 'Shaky Ground' exposes zombie side of Freddie, Fannie


The two finance the bulk of U.S. home loans, using money borrowed from around the globe. That makes them a mainstay of America's $10 trillion housing market and of the national and world economies. If Fannie and Freddie tank, it could all tank. But whether they should be run wholly as federal agencies, or partially or not at all has been debated for decades, especially since the Great Recession. The issue's always half-alive because it's key to the financial well-being of so many, but always half-dead because special interests ensure no one has the political stomach or clout to resolve it.

Read more... http://www.usatoday.com/story/money/2015/10/20/book-review-shaky-ground-exposes-zombie-side-freddie-fannie/74237976/

Reuters: Financial Services and Real Estate

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