Shaky Ground Quotes

“Why do we need long-term fixed-rate mortgages in a world where the work force of the future is going to change jobs and move every three to five years?”
― Bethany McLean, Shaky Ground: The Strange Saga of the U.S. Mortgage Giants

“A joke goes: “What’s the difference between the GSEs in the United States and Repsol in Argentina?” The punchline: “Argentina settled.”
― Bethany McLean, Shaky Ground: The Strange Saga of the U.S. Mortgage Giants

“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.”
― Bethany McLean, Shaky Ground: The Strange Saga of the U.S. Mortgage Giants