FANNIE MAE CANDY - FANNIE MAE

Fannie Mae Candy – Candy Company Names – White Circus Peanuts Candy.

Fannie Mae Candy

fannie mae

Informal name for the Federal National Mortgage Association, a corporation that trades in mortgages
“Fanny Mae” is a 1959 song by American blues and R&B singer Buster Brown. The song was written by Morris Levy, Clarence Lewis and Waymon Glasco.
Federal National Mortgage Association: a federally chartered corporation that purchases mortgages
The Federal National Mortgage Association (FNMA) , commonly known as Fannie Mae, was set up as a stockholder-owned corporation chartered by Congress in 1968 as a government-sponsored enterprise (GSE), but founded in 1938 during the Great Depression.

candy

a rich sweet made of flavored sugar and often combined with fruit or nuts
A sweet food made with sugar or syrup combined with fruit, chocolate, or nuts
sugarcoat: coat with something sweet, such as a hard sugar glaze
Sugar crystallized by repeated boiling and slow evaporation
(candied) encrusted with sugar or syrup; “candied grapefruit peel”

fannie mae candy – The Fateful

The Fateful History of Fannie Mae: New Deal Birth to Mortgage Crisis Fall

In 1938, the administration of Franklin Delano Roosevelt created a small agency called Fannie Mae. Intended to make home loans more accessible, the agency was born of the Great Depression and a government desperate to revive housing construction. It was a minor detail of the New Deal, barely recorded by the newspapers of the day.
Over the next seventy years, Fannie Mae evolved into one of the largest financial companies in the world, owned by private shareholders but with its nearly $1 trillion of debt effectively guaranteed by the government. Almost from the beginning, critics repeatedly warned that Fannie was an accident waiting to happen. Then, in 2008, the housing market collapsed. Amid a wave of foreclosures, the company’s capital began to run out, and the U.S. Treasury seized control.
From the New Deal to the administration of President Obama, author James R. Hagerty explains this fascinating but little-understood saga. Based on his reporting for the Wall Street Journal, personal research and interviews with executives, regulators and congressional leaders, Hagerty charts the course of Fannie Mae. With The Fateful History of Fannie Mae, he explains the politics, economics and human frailties behind seven decades of missed opportunities to prevent a financial disaster.

2 dead in the 'burbs

Dead Dominick’s in the background, Fannie Mae candies upfront. Addison Illinois

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fannie mae candies!

fannie mae candy

A Washington Post Notable Nonfiction Book for 2011
One of The Economist’s 2011 Books of the Year

In Reckless Endangerment, Gretchen Morgenson exposes how the watchdogs who were supposed to protect the country from financial harm were actually complicit in the actions that finally blew up the American economy. Drawing on previously untapped sources and building on original research from coauthor Joshua Rosner—who himself raised early warnings with the public and investors, and kept detailed records—Morgenson connects the dots that led to this fiasco.
Morgenson and Rosner draw back the curtain on Fannie Mae, the mortgage-finance giant that grew, with the support of the Clinton administration, through the 1990s, becoming a major opponent of government oversight even as it was benefiting from public subsidies. They expose the role played not only by Fannie Mae executives but also by enablers at Countrywide Financial, Goldman Sachs, the Federal Reserve, HUD, Congress, and the biggest players on Wall Street, to show how greed, aggression, and fear led countless officials to ignore warning signs of an imminent disaster.
Character-rich and definitive in its analysis, and with a new afterword that brings the story up to date, this is the one account of the financial crisis you must read.