The Fateful History of Fannie Mae

James Haggerty, a reporter for the Wall Street Journal based in Pittsburgh, has penned a new book on the history of Fannie Mae. Titled The Fateful History of Fannie Mae, the book chronicles the development of the mortgage giant in the 1938 New Deal era up until the present financial crisis. Haggerty discusses how Fannie Mae was never originally designed to dominate the mortgage market as it did just before the collapse of the housing bubble in 2008.