Download or read book The Fateful History of Fannie Mae written by James R. Hagerty and published by Arcadia Publishing. This book was released on 2012-09-04 with total page 241 pages. Available in PDF, EPUB and Kindle. Book excerpt: “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.
Download or read book The Fannie Farmer Baking Book written by Marion Cunningham and published by Gramercy. This book was released on 1996 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Download or read book Fannie Mae and Freddie Mac written by Oonagh McDonald and published by A&C Black. This book was released on 2013-07-18 with total page 494 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Download or read book Go Ask Fannie written by Elisabeth Hyde and published by Penguin. This book was released on 2019-04-02 with total page 305 pages. Available in PDF, EPUB and Kindle. Book excerpt: "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.
Download or read book Privatizing Fannie Mae Freddie Mac and the Federal Home Loan Banks written by Peter J. Wallison and published by American Enterprise Institute. This book was released on 2004 with total page 128 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book argues that privatization of the government-sponsored enterprises is the only viable way to protect the taxpayers and the economy.
Download or read book Guaranteed to Fail written by Viral V. Acharya and published by Princeton University Press. This book was released on 2011-03-14 with total page 233 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Download or read book The Whole Town s Talking written by Fannie Flagg and published by . This book was released on 2016 with total page 418 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Download or read book Fannie Mae and Freddie Mac written by James R. Cristie and published by Nova Publishers. This book was released on 2007 with total page 360 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Download or read book The Fannie Farmer Junior Cookbook written by Joan Scobey and published by Little, Brown Books for Young Readers. This book was released on 2009-10-31 with total page 294 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Download or read book The World According to Fannie Davis written by Bridgett M. Davis and published by Little, Brown. This book was released on 2019-01-29 with total page 253 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Download or read book Shaky Ground written by Bethany McLean and published by . This book was released on 2015 with total page 159 pages. Available in PDF, EPUB and Kindle. Book excerpt: In a way, the situation is ironic: housing was at the root of the financial crisis, and six years after the meltdown, housing finance is still the greatest unsolved issue. The U.S. housing market is roughly $10 trillion, making it one of the largest segments of the bond market. Roughly 70 percent of the American population has a mortgage, and for most people, the mortgage is the most important financial instrument in their lives. But until the financial crisis, few people knew the essential role that Fannie Mae and Freddie Mac play in their mortgages. Given the $188 billion government bailout of the two firms the most expensive bailout in history the politics surrounding housing are worse than they've ever been, and the two gigantic firms sit in limbo. Best-selling investigative journalist Bethany McLean, the coauthor of The Smartest Guys in the Room andAll the Devils Are Here, explains why the situation is dangerous and unsustainable, and proposes a few solutions from the perfect, but politically unfeasible to the doable, but ugly.
Download or read book OFHEO s final report on Fannie Mae hearing written by and published by DIANE Publishing. This book was released on with total page 78 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Fannie Lou Hamer written by Earnest N. Bracey and published by McFarland. This book was released on 2014-01-10 with total page 211 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book explores the life of one of Mississippi's greatest civil rights activists, Fannie Lou Hamer. Known for her daring, her brinkmanship and her impassioned speech-making, Hamer rose to prominence in the Mississippi Freedom Democratic Party, an intrepid group which tried to unseat the predominantly white Democrats of Mississippi during the 1964 Democratic National Convention. She is particularly remembered for her speech before the Credentials Committee, seeking to end all-white representation of her home state. Hamer fought her entire life to expand freedom and basic rights to African Americans in the United States.
Download or read book Fannie Lou Hamer written by Sandra Donovan and published by Heinemann-Raintree Library. This book was released on 2004 with total page 64 pages. Available in PDF, EPUB and Kindle. Book excerpt: Provides a brief overview of the life and accomplishments of African-American civil rights activist Fannie Lou Hamer.
Download or read book Searching for Fannie Quigley written by Jane G. Haigh and published by Ohio University Press. This book was released on 2007 with total page 209 pages. Available in PDF, EPUB and Kindle. Book excerpt: 2008 WILLA Literary Awards finalist At the age of 27, Fannie Sedlacek left her Bohemian homestead in Nebraska to join the gold rush to the Klondike. From the Klondike to the Tanana, Fannie continued north, finally settling in Katishna near Mount McKinley. This woman, later known as Fannie Quigley, became a prospector who staked her own claims and a cook who ran a roadhouse. She hunted and trapped and thrived for nearly forty years in an environment that others found unbearable. Her wilderness lifestyle inspired many of those who met her to record their impressions of this self-sufficient woman, who died in 1944. To many of the 700,000 annual visitors to Denali National Park she is a symbol of the enduring spirit of the original pioneers. Searching for Fannie Quigley: A Wilderness Life in the Shadow of Mount McKinley goes beyond the mere biographical facts of this unique woman’s journey. It also tells historian Jane G. Haigh’s own story of tracking and tracing the many paths that Fannie Quigley’s intriguing life took. Uncovering remote clues, digging through archives, and listening to oral accounts from a wide array of sources, Haigh has fashioned this rich lode into a compelling narrative. In Searching for Fannie Quigley, Haigh separates fact from fiction to reveal the true story of this highly mythologized pioneer woman.
Download or read book The Speeches of Fannie Lou Hamer written by Maegan Parker Brooks and published by Univ. Press of Mississippi. This book was released on 2011-01-03 with total page 254 pages. Available in PDF, EPUB and Kindle. Book excerpt: Most people who have heard of Fannie Lou Hamer (1917–1977) are aware of the impassioned testimony that this Mississippi sharecropper and civil rights activist delivered at the 1964 Democratic National Convention. Far fewer people are familiar with the speeches Hamer delivered at the 1968 and 1972 conventions, to say nothing of addresses she gave closer to home, or with Malcolm X in Harlem, or even at the founding of the National Women's Political Caucus. Until now, dozens of Hamer's speeches have been buried in archival collections and in the basements of movement veterans. After years of combing library archives, government documents, and private collections across the country, Maegan Parker Brooks and Davis W. Houck have selected twenty-one of Hamer's most important speeches and testimonies. As the first volume to exclusively showcase Hamer's talents as an orator, this book includes speeches from the better part of her fifteen-year activist career delivered in response to occasions as distinct as a Vietnam War Moratorium Rally in Berkeley, California, and a summons to testify in a Mississippi courtroom. Brooks and Houck have coupled these heretofore unpublished speeches and testimonies with brief critical descriptions that place Hamer's words in context. The editors also include the last full-length oral history interview Hamer granted, a recent oral history interview Brooks conducted with Hamer's daughter, as well as a bibliography of additional primary and secondary sources. The Speeches of Fannie Lou Hamer demonstrates that there is still much to learn about and from this valiant black freedom movement activist.
Download or read book Fannie Mae and Freddie Mac written by Gene L. Dodaro and published by DIANE Publishing. This book was released on 2010-10 with total page 73 pages. Available in PDF, EPUB and Kindle. Book excerpt: Congress estab. Fannie Mae and Freddie Mac (the enterprises) with 2 key housing missions: (1) provide stability in the secondary market for residential mortgages; and (2) serve the mortgage credit needs of targeted groups such as low-income borrowers. To accomplish these goals, the enterprises issued debt and stock, and purchased mortgages from lenders with the proceeds. On Sept. 6, 2008, the Fed. Housing Finance Agency placed the enterprises into conservatorship out of concern that their deteriorating financial condition would destabilize the financial system. This report discusses the enterprises' performance in meeting mission requirements, identifies and analyzes options to revise their structures, and discusses key transition issues. Illus.
