‘Guaranteed to Fail’ is a book written by Lawrence J., Viral V. Acharya, Matthew Richardson, Stijn van Nieuwerburgh White can help you to learn a lot about such important things as how poorly designed government guarantees for Fannie Mae and Freddie Mac led to the debacle of mortgage finance in the United States, weighs different reform proposals, and provides sensible, practical recommendations.

The financial collapse of Fannie Mae and Freddie Mac in 2008 led to one of the most sweeping government interventions in private financial markets in history.

The bailout has already cost American taxpayers close to $150 billion, and substantially more will be needed. The U.S. economy—and by extension, the global financial system—has a lot riding on Fannie and Freddie.

They cannot fail, yet that is precisely what these mortgage giants are guaranteed to do. How can we limit the damage to our economy, and avoid making the same mistakes in the future?

You can find this book, ‘Guaranteed to Fail: Fannie Mae, Freddie Mac, and the Debacle of Mortgage Finance’, on Amazon right now.