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010   $a9786613012081
010   $a1-4008-3809-6
024 7 $a10.1515/9781400838097
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035   $a(EBL)662352
035   $a(OCoLC)705539215
035   $a(SSID)ssj0000469749
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035   $a(DE-B1597)453735
035   $a(DE-B1597)9781400838097
035   $a(Au-PeEL)EBL662352
035   $a(CaPaEBR)ebr10451087
035   $a(CaONFJC)MIL301208
035   $a(OCoLC)711000595
035   $a(MiAaPQ)EBC662352
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100   $a20110113d2011      uy             0
101 0 $aeng
135   $aurnn#---|u||u
181   $ctxt
182   $cc
183   $acr
200 00$aGuaranteed to fail$b[electronic resource] $eFannie Mae, Freddie Mac, and the debacle of mortgage finance /$fViral V. Acharya ... [et al.]
205   $aCourse Book
210   $aPrinceton $cPrinceton University Press$dc2011
215   $a1 online resource (233 p.)
300   $aDescription based upon print version of record.
311 0 $a0-691-15078-8 
320   $aIncludes bibliographical references and index.
327   $tFront matter --$tContents --$tAcknowledgments --$tPrologue --$tONE. Feeding the Beast --$tTWO. Ticking Time Bomb --$tTHREE. Race to the Bottom --$tFOUR. Too Big to Fail --$tFIVE. End of Days --$tSIX. In Bed with the Fed --$tSEVEN. How Others Do It --$tEIGHT. How to Reform a Broken System --$tNINE. Chasing the Dragon --$tEpilogue --$tAppendix: Timeline of U.S. Housing Finance Milestones --$tNotes --$tGlossary --$tIndex
330   $aThe 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.
606   $aBusiness failures$zUnited States$xHistory$y21st century
606   $aFinancial crises$zUnited States$xHistory$y21st century
606   $aHousing$zUnited States$xFinance
606   $aMortgage loans$xGovernment policy$zUnited States
610   $aAffordable housing.
610   $aAgency debt.
610   $aAlt-A.
610   $aAsset management.
610   $aAsset.
610   $aBalance sheet.
610   $aBank of America.
610   $aBank run.
610   $aBank.
610   $aBear Stearns.
610   $aBen Bernanke.
610   $aCapital market.
610   $aCapital requirement.
610   $aCash.
610   $aCentral bank.
610   $aCitigroup.
610   $aCommercial bank.
610   $aConservatorship.
610   $aCountrywide.
610   $aCredit (finance).
610   $aCredit risk.
610   $aCredit score in the United States.
610   $aCredit score.
610   $aCreditor.
610   $aDebt.
610   $aDodd?Frank Wall Street Reform and Consumer Protection Act.
610   $aDown payment.
610   $aEconomics.
610   $aEconomist.
610   $aEconomy.
610   $aEquity (finance).
610   $aFannie Mae.
610   $aFederal Housing Administration.
610   $aFederal Housing Finance Agency.
610   $aFinance.
610   $aFinancial crisis.
610   $aFinancial institution.
610   $aFinancial services.
610   $aFixed-rate mortgage.
610   $aForeclosure.
610   $aFreddie Mac.
610   $aFunding.
610   $aGovernment National Mortgage Association.
610   $aGovernment debt.
610   $aGuarantee.
610   $aHedge fund.
610   $aHeitor Almeida.
610   $aHenry Paulson.
610   $aHome equity.
610   $aHousehold.
610   $aIncome.
610   $aInsolvency.
610   $aInsurance.
610   $aInterest rate risk.
610   $aInterest rate.
610   $aInvestment.
610   $aInvestor.
610   $aJPMorgan Chase.
610   $aLehman Brothers.
610   $aLender of last resort.
610   $aLeverage (finance).
610   $aLine of credit.
610   $aMacroeconomics.
610   $aMarket discipline.
610   $aMarket liquidity.
610   $aMonetary policy.
610   $aMoral hazard.
610   $aMortgage Rate.
610   $aMortgage bank.
610   $aMortgage loan.
610   $aPayment.
610   $aPension fund.
610   $aPercentage.
610   $aPrivate mortgage.
610   $aPrivate sector.
610   $aPrivatization.
610   $aQuantitative easing.
610   $aRace to the bottom.
610   $aReal estate appraisal.
610   $aReal estate economics.
610   $aReceivership.
610   $aRecession.
610   $aRefinancing.
610   $aRepurchase agreement.
610   $aResolution Trust Corporation.
610   $aReturn on equity.
610   $aSaving.
610   $aSavings and loan association.
610   $aSecondary mortgage market.
610   $aSecuritization.
610   $aSecurity (finance).
610   $aSubprime.
610   $aSubsidy.
610   $aSystemic risk.
610   $aToo big to fail.
610   $aUnderwriting Standards.
610   $aUnderwriting.
610   $aValue (economics).
610   $aWashington Mutual.
610   $aWorking paper.
615  0$aBusiness failures$xHistory
615  0$aFinancial crises$xHistory
615  0$aHousing$xFinance.
615  0$aMortgage loans$xGovernment policy
676   $a332.7/20973
700   $aAcharya$b Viral V.$4aut$4http://id.loc.gov/vocabulary/relators/aut$0870097
701   $aAcharya$b Viral V$0870097
801  0$bMiAaPQ
801  1$bMiAaPQ
801  2$bMiAaPQ
906   $aBOOK
912   $a9910828320503321
996   $aGuaranteed to fail$93976653
997   $aUNINA