The fateful history of Fannie Mae: New Deal birth to mortgage crisis fall
Time: 5:00 PM – 6:00 PM
The protagonist starts humbly, progresses in the world, survives various scrapes and threats, finally grows exceedingly rich, admired, feared, powerful and exceptionally arrogant. Then come the dizzying collapse and utter humiliation. Thus there is a classic rise, hubris, nemesis and fall. It could be a Shakespearean tragedy, but it is “The Fateful History of Fannie Mae: New Deal Birth to Mortgage Crisis Fail,” a new book by James R. (Bob) Hagerty, who covered the drama of Fannie and related events from 2004–2010 for The Wall Street Journal. Hagerty will present his story of big-time government-sponsored finance, high and low politics, little-known history, colorful personalities, risk come home to roost and unintended consequences through the skillful lens of a veteran journalist. A panel of experts will then discuss Hagerty’s book.
more information and to RSVP, please visit http://www.aei.org/events/2012/10/24/thefateful-