Shaky Ground: The Strange Saga of the U.S. Mortgage Giants

Fannie Mae and Freddie Mac were created by Congress to serve the American Dream of homeownership, but their profits are being redirected toward reducing the federal deficit, leaving them with no buffer should they suffer losses again.

China and Japan are big owners of Fannie and Freddie securities, and they want to ensure the safety of their investments.

Shaky Ground chronicles the story of Fannie and Freddie seven years after the meltdown, and tells us why homeownership finance is now one of the biggest unsolved issues in today's global economy.

This book provides an insightful guide to one of the fascinating true-financial-crime cases of our time, shedding light on the current state of limbo and the need for a solution.