The research in the book says that Fannie Mae succeeded because they learned to manage risk better than any other company. Years of leadership by David O. Maxwe

The research in the book says that Fannie Mae succeeded because they learned to manage risk better than any other company. Years of leadership by David O. Maxwell and James A. Johnson ended in 1998, and provisions of Glass-Steagall was repealed in 1999. There is no simplistic maxim, but the concepts and success described in the book are backed up with far more research than either blogosphere article cited.