TY  - BOOK
N2  - This book is former Fannie Mae CFO's inside look at the war between the financial giants and government regulators. In this provocative true-life thriller he tells about the all-out fight for dominance of the mortgage industry, and how it nearly destroyed the global financial system. Many books have been written about the 2008 financial crisis, but they miss the biggest story of the meltdown: the battle between giant financial companies to dominate the $11 trillion mortgage market that almost destroyed the global financial system. For more than twenty years, until 2004, the author was Vice Chairman and Chief Financial Officer at the best-known of those companies, Fannie Mae, and he was in the middle of that fight. Here he explains how seemingly unrelated developments in banking regulation, housing policy, Wall Street financial innovation, and political lobbying all combined to wreak havoc on the American housing market and the world economy.
AB  - This book is former Fannie Mae CFO's inside look at the war between the financial giants and government regulators. In this provocative true-life thriller he tells about the all-out fight for dominance of the mortgage industry, and how it nearly destroyed the global financial system. Many books have been written about the 2008 financial crisis, but they miss the biggest story of the meltdown: the battle between giant financial companies to dominate the $11 trillion mortgage market that almost destroyed the global financial system. For more than twenty years, until 2004, the author was Vice Chairman and Chief Financial Officer at the best-known of those companies, Fannie Mae, and he was in the middle of that fight. Here he explains how seemingly unrelated developments in banking regulation, housing policy, Wall Street financial innovation, and political lobbying all combined to wreak havoc on the American housing market and the world economy.
T1  - The mortgage wars :inside Fannie Mae, big-money politics, and the collapse of the American dream /
AU  - Howard, Timothy
CN  - HG2040.5.U5
CN  - HG2040.5.U5
ID  - 706241
KW  - Mortgage loans
KW  - Subprime mortgage loans
KW  - Mortgage banks
KW  - Housing
SN  - 9780071821094
SN  - 0071821090
TI  - The mortgage wars :inside Fannie Mae, big-money politics, and the collapse of the American dream /
ER  -