Uncle Sam and cousins Fannie Mae and Freddie Mac deserve most of the blame for the mortgage mess and the financial bust. 

Oonagh McDonald’s book Fannie Mae and Freddie Mac: Turning the American Dream into a Nightmare, captures the essence of “who-done-it.” Intuitively if not by osmosis, we know that Fannie Mae and Freddie Mac and the legislators set the stage for this tragedy to unfold. Dr. McDonald painstakingly pours over the source documents to verify the events that lead to the ’08 financial meltdown.

Read Barron's review of Dr. McDonald's book written by Gene Epstein.