• Shaky Ground

  • The Strange Saga of the US Mortgage Giants
  • By: Bethany McLean
  • Narrated by: Gabra Zackman
  • Length: 3 hrs and 33 mins
  • 4.3 out of 5 stars (119 ratings)

Prime logo Prime members: New to Audible?
Get 2 free audiobooks during trial.
Pick 1 audiobook a month from our unmatched collection.
Listen all you want to thousands of included audiobooks, Originals, and podcasts.
Access exclusive sales and deals.
Premium Plus auto-renews for $14.95/mo after 30 days. Cancel anytime.
Shaky Ground  By  cover art

Shaky Ground

By: Bethany McLean
Narrated by: Gabra Zackman
Try for $0.00

$14.95/month after 30 days. Cancel anytime.

Buy for $14.95

Buy for $14.95

Pay using card ending in
By confirming your purchase, you agree to Audible's Conditions of Use and Amazon's Privacy Notice. Taxes where applicable.

Publisher's summary

Fannie Mae and Freddie Mac were created by Congress to serve the American dream of homeownership. By the end of the century, they had become extremely profitable and powerful companies, instrumental in putting millions of Americans in their homes.

So why does the government now want them dead?

In 2008 the US Treasury put Fannie and Freddie into a life-support state known as "conservatorship" to prevent their failure - and worldwide economic chaos. The two companies, which were always controversial, have become a battleground. Today, Fannie and Freddie are profitable again but still in conservatorship. Their profits are being redirected toward reducing the federal deficit, which leaves 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 - which helps explain why the government is at an impasse about what to do. But the current state of limbo is unsustainable.

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 today's global economy.

Cover design by Strick&Williams

©2015 Bethany McLean (P)2015 Audible, Inc.

What listeners say about Shaky Ground

Average customer ratings
Overall
  • 4.5 out of 5 stars
  • 5 Stars
    64
  • 4 Stars
    33
  • 3 Stars
    16
  • 2 Stars
    4
  • 1 Stars
    2
Performance
  • 4.5 out of 5 stars
  • 5 Stars
    61
  • 4 Stars
    22
  • 3 Stars
    12
  • 2 Stars
    1
  • 1 Stars
    3
Story
  • 4.5 out of 5 stars
  • 5 Stars
    59
  • 4 Stars
    19
  • 3 Stars
    16
  • 2 Stars
    4
  • 1 Stars
    2

Reviews - Please select the tabs below to change the source of reviews.

Sort by:
Filter by:
  • Overall
    5 out of 5 stars
  • Performance
    5 out of 5 stars
  • Story
    5 out of 5 stars

Bethany McLean is Queen

The best financial writer of our-time —- everything she touches is awesome. Can’t wait for the next one...

Something went wrong. Please try again in a few minutes.

You voted on this review!

You reported this review!

  • Overall
    4 out of 5 stars
  • Performance
    3 out of 5 stars
  • Story
    4 out of 5 stars

hmm. I agree. change but gradually.

good but not has good as your first two. still helped me understand a great deal I did not know. thank you.

Something went wrong. Please try again in a few minutes.

You voted on this review!

You reported this review!

  • Overall
    5 out of 5 stars
  • Performance
    5 out of 5 stars
  • Story
    5 out of 5 stars

I Need to Pick My Face Up Off the Floor!

This was a great explanation and recap of our country’s housing history and the role Fannie Mae and Freddie Mac play in the housing climate we are faced with today. It’s a “you think you know, but you don’t know” book. Well written and narrated. Highly recommend.

Something went wrong. Please try again in a few minutes.

You voted on this review!

You reported this review!

  • Overall
    4 out of 5 stars
  • Performance
    4 out of 5 stars
  • Story
    5 out of 5 stars

Details on the Culture and History of the GSEs

The female narrator is very good, the narrator speaks in a voice similar to the actual Bethany McLean. Why cant we get more female narrators?

The content is sharp and new. I have read many books on the financial crisis, but nothing with this much detail on the GSEs.

Guess what, there is a crime story here. The government took 80% of the equity but is acting like the government took 100% of the equity.This will likely head to the supreme court and will be a significant trial. Ichan, Ackman, and Fariholme versus the Government. We shall see.

Something went wrong. Please try again in a few minutes.

You voted on this review!

You reported this review!

1 person found this helpful

  • Overall
    5 out of 5 stars
  • Performance
    5 out of 5 stars
  • Story
    5 out of 5 stars

Most educational book of the year!

Very informative & educational on Fanniegate! Thank you Bethany for writing a book on a such a complex subject.

Something went wrong. Please try again in a few minutes.

You voted on this review!

You reported this review!