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Days of Slaughter: Inside the Fall of Freddie Mac and Why It Could Happen Again
Days of Slaughter, an insider account by a former Freddie Mac vice president, examines the company's role in the 2008 financial crisis. The book explores the interplay of flawed public policy, internal conflicts, and political pressures that led to Freddie Mac's downfall. It details the company's involvement in the subprime mortgage market and its accounting scandals. Furthermore, the author analyzes the complexities of the GSE model and its inherent contradictions, ultimately arguing that the crisis stemmed from a collective failure of ethics and responsibility across various actors. The narrative also discusses the broader issues of homeownership in America and the lasting consequences of the housing market collapse.
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Published on 11 months, 3 weeks ago