The Fateful History of Fannie Mae

The Fateful History of Fannie Mae
Author :
Publisher : Arcadia Publishing
Total Pages : 241
Release :
ISBN-10 : 9781614236993
ISBN-13 : 1614236992
Rating : 4/5 (93 Downloads)

Synopsis The Fateful History of Fannie Mae by : James R. Hagerty

“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). In 1938, the administration of Franklin Delano Roosevelt created a small agency called Fannie Mae. Intended to make home loans more accessible, the agency was born of the Great Depression and a government desperate to revive housing construction. It was a minor detail of the New Deal, barely recorded by the newspapers of the day. Over the next seventy years, Fannie Mae evolved into one of the largest financial companies in the world, owned by private shareholders but with its nearly $1 trillion of debt effectively guaranteed by the government. Almost from the beginning, critics repeatedly warned that Fannie was an accident waiting to happen. Then, in 2008, the housing market collapsed. Amid a wave of foreclosures, the company’s capital began to run out, and the US Treasury seized control. From the New Deal to President Obama’s administration, James R. Hagerty explains this fascinating but little-understood saga. Based on the author’s reporting for the Wall Street Journal, personal research, and interviews with executives, regulators, and congressional leaders, The Fateful History of Fannie Mae, he explains the politics, economics, and human frailties behind seven decades of missed opportunities to prevent a financial disaster.

Go Ask Fannie

Go Ask Fannie
Author :
Publisher : Penguin
Total Pages : 305
Release :
ISBN-10 : 9780735218611
ISBN-13 : 0735218617
Rating : 4/5 (11 Downloads)

Synopsis Go Ask Fannie by : Elisabeth Hyde

"With all the feels of a This Is Us episode, Hyde's latest novel will delight readers" (Booklist). Three adult siblings. Three days with their father. What could go wrong? When Murray Blaire invites his three children to his New Hampshire farm for a few days, he makes it clear he expects things to be pleasant. But when Ruth and George arrive already bickering and Lizzie turns up late, cradling a damaged family cookbook and talking about possible criminal charges against her, all hope for a relaxing family weekend is gone. This is not the first time the Blaire family has been thrown into chaos. In fact, that cookbook, an old edition of Fannie Farmer, is the last remaining artifact from a time when they were a family of six, not four, with a father running for Congress and a mother building a private life of her own. The notes written in its pages, pages Lizzie risked her spotless record to save, provide tantalizing clues to their mother's ambitions and the mysterious choices she once made, choices that pulled the Blaire family apart, but could also bring them back together. Told with equal measures of humor and tenderness, Go Ask Fannie is a warm and heartfelt tale of the power of family and the pains of growing up, proving that family survival isn't about setting aside old rivalries, but preserving the love that's written between the lines.

Fannie Mae and Freddie Mac

Fannie Mae and Freddie Mac
Author :
Publisher : A&C Black
Total Pages : 494
Release :
ISBN-10 : 9781780935232
ISBN-13 : 1780935234
Rating : 4/5 (32 Downloads)

Synopsis Fannie Mae and Freddie Mac by : Oonagh McDonald

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 ownership.

The Fannie Farmer Baking Book

The Fannie Farmer Baking Book
Author :
Publisher : Gramercy
Total Pages : 0
Release :
ISBN-10 : 0517148293
ISBN-13 : 9780517148297
Rating : 4/5 (93 Downloads)

Synopsis The Fannie Farmer Baking Book by : Marion Cunningham

A superb collection of more than 800 recipes drawn from both America's rich past and new culinary discoveries. It's the Bible of baking, considered by many as the most thorough baking book on the market. The highly readable, easy-to-follow text explains the whys and hows of baking and makes it easy for even the beginner to achieve delicious results in the kitchen. Line drawings throughout.

Guaranteed to Fail

Guaranteed to Fail
Author :
Publisher : Princeton University Press
Total Pages : 233
Release :
ISBN-10 : 9781400838097
ISBN-13 : 1400838096
Rating : 4/5 (97 Downloads)

Synopsis Guaranteed to Fail by : Viral V. Acharya

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.

Fannie in the Kitchen

Fannie in the Kitchen
Author :
Publisher : Simon and Schuster
Total Pages : 40
Release :
ISBN-10 : 9781442484597
ISBN-13 : 1442484594
Rating : 4/5 (97 Downloads)

Synopsis Fannie in the Kitchen by : Deborah Hopkinson

Marcia was trying to help her mama. So maybe balancing on top of a tower of chairs to dip candles wasn't such a good idea. And perhaps her biscuits worked better as doorstops than dessert. Still, does her mama really need to hire a mother's helper? Then Fannie Farmer steps into their kitchen, and all of a sudden the biscuits are dainty and the griddle cakes aren't quite so...al dente. As Fannie teaches Marcia all about cooking, from how to flip a griddle cake at precisely the right moment to how to determine the freshness of eggs, Marcia makes a wonderful new friend. Here's the story "from soup to nuts" -- delightfully embellished by Deborah Hopkinson -- of how Fannie Farmer invented the modern recipe and created one of the first and best-loved American cookbooks. Nancy Carpenter seamlessly incorporates vintage engravings into her pen, ink, and watercolor illustrations, deliciously evoking the feeling of a time gone by.

Fannie Mae and Freddie Mac

Fannie Mae and Freddie Mac
Author :
Publisher : Nova Publishers
Total Pages : 360
Release :
ISBN-10 : 1600213561
ISBN-13 : 9781600213564
Rating : 4/5 (61 Downloads)

Synopsis Fannie Mae and Freddie Mac by : James R. Cristie

In the late 1980s and 1990s, Fannie Mae grew rapidly into the largest firm in the U.S. housing finance system and a major global financial institution. The Enterprise achieved double-digit growth in earnings per common share (EPS) for 15 straight years and leveraged its extraordinary financial success into enormous political influence. That financial and political success gave rise to a corporate culture at Fannie Mae in which senior management promoted the Enterprise as one of the lowest-risk financial institutions in the world and as "best in class" in terms of risk management, financial reporting, internal control, and corporate governance. This book describes the development and extent of the problems with Fannie Mae's accounting policies, internal controls, financial reporting, and corporate governance that led to the restatement of the Enterprise's financial reports and the actions to remedy that situation that the Office of Federal Housing Enterprise Oversight (OFHEO) has directed the Enterprise to take to date. The book also recommends that actions be taken to enhance the goal of maintaining the safety and soundness of Fannie Mae.

The Whole Town's Talking

The Whole Town's Talking
Author :
Publisher :
Total Pages : 418
Release :
ISBN-10 : 9781400065950
ISBN-13 : 140006595X
Rating : 4/5 (50 Downloads)

Synopsis The Whole Town's Talking by : Fannie Flagg

Elmwood Springs, Missouri, is a small town like any other, but something strange is happening out at the cemetery. 'Still Meadows, ' as it's called, is anything but still. Tells a surprising story of life, afterlife, and the mysterious goings-on of ordinary people"--Amazon.com.

The Fannie Farmer Junior Cookbook

The Fannie Farmer Junior Cookbook
Author :
Publisher : Little, Brown Books for Young Readers
Total Pages : 294
Release :
ISBN-10 : 9780316086301
ISBN-13 : 0316086304
Rating : 4/5 (01 Downloads)

Synopsis The Fannie Farmer Junior Cookbook by : Joan Scobey

For generations, Fanny Farmer has introduced young chefs to the world of good eating. This revised and updated edition offers delicious, healthy recipes for breads, soups, salads, meats, pastas, pies, and much more. Step-by-step instructions and basic guides to the ingredients, terminology, and common kitchen equipment are enhanced by informative illustrations. Safety tips and menus are also provided to help young cooks feel comfortable organizing meals for the whole family.

The World According to Fannie Davis

The World According to Fannie Davis
Author :
Publisher : Little, Brown
Total Pages : 253
Release :
ISBN-10 : 9780316558716
ISBN-13 : 0316558710
Rating : 4/5 (16 Downloads)

Synopsis The World According to Fannie Davis by : Bridgett M. Davis

As seen on the Today Show: This true story of an unforgettable mother, her devoted daughter, and their life in the Detroit numbers of the 1960s and 1970s highlights "the outstanding humanity of black America" (James McBride). In 1958, the very same year that an unknown songwriter named Berry Gordy borrowed $800 to found Motown Records, a pretty young mother from Nashville, Tennessee, borrowed $100 from her brother to run a numbers racket out of her home. That woman was Fannie Davis, Bridgett M. Davis's mother. Part bookie, part banker, mother, wife, and granddaughter of slaves, Fannie ran her numbers business for thirty-four years, doing what it took to survive in a legitimate business that just happened to be illegal. She created a loving, joyful home, sent her children to the best schools, bought them the best clothes, mothered them to the highest standard, and when the tragedy of urban life struck, soldiered on with her stated belief: "Dying is easy. Living takes guts." A daughter's moving homage to an extraordinary parent, The World According to Fannie Davis is also the suspenseful, unforgettable story about the lengths to which a mother will go to "make a way out of no way" and provide a prosperous life for her family -- and how those sacrifices resonate over time.