Bethany mcclean, contributing editor for vanity fair and author of the newly released book shaky ground. Bethany mclean has written an insightful guide to one of the fascinating truefinancialcrime cases of our time. Mortgage giants chronicles the rise and fall of fannie mae and freddie mac and their role in the 2008 financial crisis. Bethany mclean net worth 2020 how much is bethany mclean. She also spoke about the role and impact of fannie mae and freddie mac. In bethany mcleans shaky ground, two of the devils are. Mortgage giants fannie mae and freddie mac were created by congress to serve the american dream of homeownership. In shaky ground, financial writer bethany mclean takes a close look at mortgagelending institutions fannie mae and freddie mac, and their role before, during and since the 2008 financial. As coauthor of bestsellers all the devils are here and the smartest guys in the room, journalist bethany mclean unpacked the 2008 financial crises and the enron scandal. Previous assignments include editoratlarge, columnist for fortune and a contributor to slate.
Her shaky ground is another expression of concern about mostly silent issues that have the capacity to spawn economic catastrophes with adverse global consequences. In shaky ground, bethany mclean romps through the wellintentioned founding of fannie and freddie, via their gradual corruption to the current. Journalist, bethany mclean discusses her book, shaky ground which looks at the stability of the u. Based on comprehensive reporting and dozens of interviews, 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 todays global economy. Bethany mcleans work, shaky ground included, is an excellent example, especially for students, of how to merge poetry and proserhetoric and datain the quest for understanding riskladen situations in need of intervention before they cast devastating harm. The technology of fracking in shale rockparticularly in the permian basin in texashas transformed america into the worlds top producer of both oil and natural gas. The federal government has kept fannie mae and freddie mac in a.
Mortgage giants by bethany mclean available from rakuten kobo. Her two books are the the smartest guys in the room. However, her work is also worthy of attention by professionals, both financial. Bethany mclean was born in hibbing, minnesota in december 1970. Bethany mclean bio, age, husband, net worth, elon musk, tesla. Her new book, shaky ground, chronicles the story of fannie mae and freddie mac seven years after the meltdown, and tells us why homeownership finance is. Nov 22, 2015 shaky ground the strange saga of the u. The book examines the governance and financial situation of fannie mae and freddie mac seven years after the 2008 financial crisis. What should be done with fannie mae and freddie mac. It wasnt a secret that there was oil in the permian, which had its first boom almost a century ago. Mclean, whose book about enron was turned into an oscarnominated documentary, is the author of a new book about the fracking industry. Everyday low prices and free delivery on eligible orders.
Mortgage giants, mclean tackles one of the last remaining and certainly strangest unsolved mysteries of the global financial crisis. After enron collapsed into bankruptcy, she coauthored with peter elkind the smartest guys in the room. Financial crisis expert on how she protects herself from. Sep 28, 2015 columbia global reports first investigative book is written by bethany mclean and is titled shaky ground. Mortgage giants by bethany mclean 2015, paperback at the best online prices at ebay. In bethany mcleans shaky ground, two of the devils are still. According to bethany mclean and joe nocera, two of americas most acclaimed business journalists, the real answer is all of the aboveand more. These obscure entities were created with good intentions. Her husband became famous for his work prosecuting former enrons employees and more recently he will be representing full house actress lori loughlin and her husband designer mossimo giannulli, one of the many people involved in the college admission cheating scandal. The strange saga of the us mortgage giants audible audio edition. Shell explain what failure could mean for american mortgage holders when she joins us monday on chicago tonight. Bethany mclean is a contributing editor at vanity fair, a columnist for yahoo finance, and a contributor to cnbc. Her march 2001 article in fortune, is enron overpriced. She is known for her writing on the enron scandal and the 2008 financial crisis.
In shaky ground bethany mclean explores what she believes to be one of the biggest unresolved issues remaining from the 2008 financial crisis. Fannie mae and freddie mac were created by congress to serve the american dream of homeownership. Bethany lee mclean born december 12, 1970 is an american journalist and contributing editor for vanity fair magazine. Mortgage giants by bethany mclean columbia global reports the second myth is that fannie. How this policy limbo arose and its danger for taxpayers is the subject of bethany mclean s new book, shaky ground. Bethany mclean has written an insightful guide to one of the fascinating true financialcrime cases of our time. One conclusion comes early on in this latest book, a. The amazing rise and scandalous fall of enron with fortune writer peter elkind. The hidden history of the financial crisis, coauthored with joe nocera of the.
Bethany mclean s work, shaky ground included, is an excellent example, especially for students, of how to merge poetry and proserhetoric and datain the quest for understanding riskladen situations in need of intervention before they cast devastating harm. Bethany mclean audio books, best sellers, author bio. Emily peck, felix salmon, anna szymanski, and bethany mclean discuss the financial collapse 10 years later, how it brought on fracking, and a look at the future of the markets. However, her work is also worthy of attention by professionals. Five questions with journalist and author bethany mclean. Shaky ground by bethany mclean, 9780990976301, available at book depository with free delivery worldwide. Bethany mclean contributing editor vanity fair linkedin. Why mortgage giants fannie mae and freddie mac pose. The hidden history of the financial crisis with new york times columnist joe nocera and the smartest guys in the room. Mclean worked on the enron scandal and the 2008 financial crisis. Her new book shaky ground scrutinizes fannie mae and freddie macthe mortgage giants that were supposed to be reformed but remain weird, publicprivate hybrid governmentsupported entities. Financial journalist bethany mclean has turned her sights to the u.
Bethany mclean bio, age, husband, net worth, elon musk. Journalist and author bethany mclean has made a specialty of telling complex financial stories. In shaky ground, bethany mclean romps through the wellintentioned founding of fannie and freddie, via their gradual corruption to the current unhappy limbo, with the government and hedge funds. Chicagobased business writer bethany mclean makes the case that mortgage giants fannie mae and freddie mac are in a precarious state in her new book, shaky ground. Based on comprehensive reporting and dozens of interviews, shaky ground by bestselling author bethany mclean, 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 todays global show more. Oct 20, 2015 how this policy limbo arose and its danger for taxpayers is the subject of bethany mcleans new book, shaky ground. Like why do we need longterm fixedrate mortgages in a world where the work force of the future is going to change jobs and move every three to five years.
In shaky ground, bethany mclean brings the biggest underreported aspect of the crisis into the public light and explains why the situation of our mortgage finance system held in limbo is dangerous and unsustainable and must be placed on firmer ground. Her concern for the lingering conservatorship status of fannie mae and freddie mac is a quick and worthy read. Sep 23, 2015 in shaky ground, bethany mclean romps through the wellintentioned founding of fannie and freddie, via their gradual corruption to the current unhappy limbo, with the government and hedge funds. Opinion the next financial crisis lurks underground. Bethany mclean vanity fairs new establishment summit. Based on comprehensive reporting and dozens of interviews, shaky ground by bestselling author bethany mclean, 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 todays global.
Bestselling investigative journalist bethany mclean, the coauthor of the smartest guys in the room and all 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. Opinion the next financial crisis lurks underground the. A big reason for fracking s resurgence is an area of west texas and southeast new mexico known as the permian basin. Sep 06, 2015 bethany mcleans work, shaky ground included, is an excellent example, especially for students, of how to merge poetry and proserhetoric and datain the quest for understanding riskladen situations in need of intervention before they cast devastating harm. Mortgage giants by bethany mclean in shaky ground bethany mclean explores what she believes to be one of the biggest unresolved issues remaining from the 2008 financial crisis. Shaky ground quotes showing of 3 because the government is taking practically every penny of profit that the two companies generate to shrink the federal deficit, fannie and freddie have not been allowed to rebuild any capital, which could absorb losses in the event of another downturn in the housing market. That last point is one bethany mclean drives home in a new book from columbia global reports a new longform journalism project out of columbia university, shaky ground. Sep 11, 2018 but as in her previous works, vanity fair contributing editor mclean shaky ground. Mortgage giants, was a special guest during the 2015 nmhc board of directors and advisory committee fall meeting interviewed by nmhc president doug bibby, mclean was asked a range of questions on the housing crisis, fannie mae and freddie macs role in it. Bestselling author bethany mclean reveals the true story of frackings impacton wall street, the economy and geopolitics.
New book examines risk of mortgage giants fannie mae and. Bethany mclean is a contributing editor at vanity fair and bestselling author. Sep 15, 2015 but the current state of limbo is unsustainable. Bethany mclean is a contributing editor at vanity fair. Free shipping and pickup in store on eligible orders. Her first book, the smartest guys in the room 2004, cowritten with peter elkind, examined the enron scandal, which she and elkind covered as staffers for fortune magazine. Shaky ground by bethany mclean overdrive rakuten overdrive. The hidden history of the financial crisis, 2010, etc. Bethany mclean talked about her book shaky ground, in which she looks at the stability of the u.
In shaky ground bethany mclean explores what she believes to be one of the biggest unresolved issues remaining from the 2008 financial crisis, namely what to do about the federal national mortgage association fannie mae and the federal home loan mortgage corporation freddie mac. Columbia global reports first investigative book is written by bethany mclean and is titled shaky ground. Bethany mclean on the justice department linking up with one of the largest hedge funds. Bestselling investigative journalist bethany mclean, the coauthor of the smartest guys in the room and all the devils are here, explains why the situation is dangerous and unsustainable, and proposes a few solutions from the perfect. But oil men thought it was mostly tapped out until entrepreneurs began to frack there around 2010. She is a contributing editor for vanity fair magazine. Columbia global reports saudi america by bethany mclean. She is also a columnist at yahoo finance and a contributor to cnbc. By the end of the century, they had become extremely profitable and powerful companies, instrumental in putting millions of americans in their homes.