Busted Life Inside The Great Mortgage Meltdown

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Busted: Life Inside the Great Mortgage Meltdown

Edmund L. Andrews
Busted Life Inside the Great Mortgage Meltdown Book PDF

Author : Edmund L. Andrews
Publisher : W. W. Norton & Company
Page : 240 pages
File Size : 45,8 Mb
Release : 2009-05-22
Category : Business & Economics
ISBN : 9780393071283

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Busted: Life Inside the Great Mortgage Meltdown by Edmund L. Andrews Pdf

The fiasco that sank millions of Americans, including one journalist, who thought he knew better. A veteran New York Times economics reporter, Ed Andrews was intimately aware of the dangers posed by easy mortgages from fast-buck lenders. Yet, at the promise of a second chance at love, he succumbed to the temptation of subprime lending and became part of the economic catastrophe he was covering. In surprisingly short order, he amassed a staggering amount of debt and reached the edge of bankruptcy. In Busted, Andrew bluntly recounts his misadventures in mortgages and goes one step further to describe the brokers, lenders, Wall Street players, and Washington policymakers who helped bring that money to his door. The result is a penetrating and often acerbic look at the binge and bust that nearly bankrupted the United States. Enabled by know-nothing complacency in Washington, Wall Street wizards used "collateralized debt obligations," "conduits," and other inscrutable financial "innovations" to put American home financing into hyperdrive. Millions of Americans abandoned the safety of thirty-year, fixed-rate mortgages and loaded up on debt. While regulators insisted that the markets knew best, Wall Street firms fragmented and repackaged unsound loans into securities that the rating agencies stamped with triple-A seals of approval. Andrews describes a remarkably democratic debacle that made fools out of people up and down the financial food chain. From a confessional meeting with Alan Greenspan to a trek through the McMansion bubble of the OC, he maps the arc of the Frankenstein loans that brought the American economy to the brink. With on-the-ground reporting from the frothiest quarters of the crisis, Andrews locates what is likely to be the high-water mark in America's long-term embrace of higher borrowing, higher risk-taking, and the fervent belief in the possibility of easy profits.

Upside Down-Navigating a Personal Mortgage Crisis

Bob Wartinger
Upside Down Navigating a Personal Mortgage Crisis Book PDF

Author : Bob Wartinger
Publisher : Lulu.com
Page : 98 pages
File Size : 55,9 Mb
Release : 2009-12
Category : Business & Economics
ISBN : 9780578044989

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Upside Down-Navigating a Personal Mortgage Crisis by Bob Wartinger Pdf

What a year in real estate that was! It was hard to face the facts for a while, and my most trusted friends could only shake their heads in sympathy. My brand new house was worth less than fifty percent of its appraised value, and considerably less than the value of the materials and labor that went into constructing it - only one year after being built! I was in a situation all too common in America today - "upside down" - with a large mortgage to pay and increasingly squeezed in my ability to make monthly payments. "Upside Down" is my story: How I resolved the predicament of the investment that wasn't. I have written "Upside Down" to help you and other homeowners who find themselves in a similar real estate predicament. It includes tips and information regarding short sales or, at the very least, resolving difficult mortgage situations.

Middle Class Meltdown in America

Kevin T Leicht,Scott T Fitzgerald
Middle Class Meltdown in America Book PDF

Author : Kevin T Leicht,Scott T Fitzgerald
Publisher : Routledge
Page : 195 pages
File Size : 52,7 Mb
Release : 2013-12-17
Category : Social Science
ISBN : 9781134631568

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Middle Class Meltdown in America by Kevin T Leicht,Scott T Fitzgerald Pdf

In accessible prose for North American undergraduate students, this short text provides a sociological understanding of the causes and consequences of growing middle class inequality, with an abundance of supporting, empirical data. The book also addresses what we, as individuals and as a society, can do to put middle class Americans on a sounder footing.

This is the Year I Put My Financial Life in Order

John Schwartz
This is the Year I Put My Financial Life in Order Book PDF

Author : John Schwartz
Publisher : Penguin
Page : 320 pages
File Size : 41,7 Mb
Release : 2018-04-03
Category : Business & Economics
ISBN : 9780399576829

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This is the Year I Put My Financial Life in Order by John Schwartz Pdf

A New York Times correspondent shares his financial successes and mishaps, offering an everyman's guide to straightening out your money once and for all. Money management is one of our most practical survival skills—and also one we've convinced ourselves we're either born with or not. In reality, financial planning can be learned, like anything else. Part financial memoir and part research-based guide to attaining lifelong security, This Is the Year I Put My Financial Life in Order is the book that everyone who has never wanted to read a preachy financial guide has been waiting for. John Schwartz and his wife, Jeanne, are pre-retirement workers of an economic class well above the poverty line, but well below the one percent. Sharing his own alternately harrowing and hilarious stories—from his brush with financial ruin and bankruptcy in his thirties to his short-lived budgeted diet of cafeteria french fries and gravy—John will walk you through his own journey to financial literacy, which he admittedly started a bit late. He covers everything from investments to retirement and insurance to wills (at fifty-eight, he didn't have one!), medical directives and more. Whether you're a college grad wanting to start out on the right foot or you're approaching retirement age and still wondering what a 401(K) is, This Is the Year I Put My Financial Life in Order will help you become your own best financial adviser.

Perish

Lisa Black
Perish Book PDF

Author : Lisa Black
Publisher : Kensington Books
Page : 304 pages
File Size : 54,8 Mb
Release : 2018-01-30
Category : Fiction
ISBN : 9781496713568

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Perish by Lisa Black Pdf

A stunning Gardiner and Renner thriller from the New York Times–bestselling author of Every Kind of Wicked, “one of the best storytellers around” (Tess Gerritsen). Forensic investigator Maggie Gardiner always follows the rules. Detective Jack Renner doesn’t believe in them . . . In a mansion on the outskirts of Cleveland, a woman’s body lies in a pool of blood. The victim is Joanna Moorehouse, founder of Sterling Financial. To crack the case, Maggie and Jack will have to infiltrate the cutthroat world of high-stakes finance. But every employee at Sterling Financial is hellbent on making a killing. When a series of unrelated murders reveals disturbing evidence, only Maggie recognizes the handiwork of a killer who will continue killing until he is stopped. Burdened with unbearable secrets, Maggie must make an agonizing choice, while her instincts keep telling her: she’s next. “As always with Black, this psychological suspense is incredible.” —Suspense Magazine “Full of fascinating forensic science and an eye-opening deep dive into predatory mortgage-lending practices.” —Publishers Weekly Praise for Lisa Black and The Gardiner and Renner Thrillers “Lisa Black always delivers.” —Jeff Lindsay, creator of the Dexter series “This terrific mystery will keep you guessing—and turning pages.” —Hank Phillippi Ryan “A great choice for readers of psychological suspense, forensic investigations, and mystery.” —Library Journal

Consequences of Economic Downturn

M. Starr
Consequences of Economic Downturn Book PDF

Author : M. Starr
Publisher : Springer
Page : 270 pages
File Size : 43,6 Mb
Release : 2016-04-30
Category : Business & Economics
ISBN : 9780230118355

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Consequences of Economic Downturn by M. Starr Pdf

The 2007-09 financial crisis and economic downturn inflicted considerable hardship on the U.S. population. This book argues that the financial crisis and ensuing recession reflected not just a malfunctioning of the financial system - but also inequalities and insecurities in access to livelihoods that favor well-off groups and leave ordinary people shouldering undue burdens of downside risk. This book, a collection of original papers by leading social economists and scholars in related fields, examines social, distributional, and ethical dimensions of the downturn. It should be of broad interest to the social-science and economic-policy communities.

Ethics and the Global Financial Crisis

Boudewijn de Bruin
Ethics and the Global Financial Crisis Book PDF

Author : Boudewijn de Bruin
Publisher : Cambridge University Press
Page : 243 pages
File Size : 54,7 Mb
Release : 2015-02-12
Category : Business & Economics
ISBN : 9781107028913

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Ethics and the Global Financial Crisis by Boudewijn de Bruin Pdf

"Professor De Bruin has written an important book. For all of the thousands of pages written on the recent global financial crisis, there is very little solid ethical analysis of the underlying causes and concepts. He makes a critical distinction betweenthe motivation of financial actors and their competence, then argues that most of the analysis of the crisis has been about motivation. In particular many have called into question the very idea of capitalism as seeking to maximize profits for shareholders. While DeBruin admits that motivation is an important idea, he traces much of the difficulty to incompetence on the part of multiple stakeholders, who have no real motivation to learn about how the basic ideas in finance actually work"--

Global Financial Contagion

Shalendra D. Sharma
Global Financial Contagion Book PDF

Author : Shalendra D. Sharma
Publisher : Cambridge University Press
Page : 405 pages
File Size : 51,9 Mb
Release : 2014
Category : Business & Economics
ISBN : 9781107027206

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Global Financial Contagion by Shalendra D. Sharma Pdf

This book is an authoritative account of the economic and political roots of the 2008 financial crisis. It examines why it was triggered in the United States, why it morphed into the Great Recession, and why the contagion spread with such ferocity around the globe. It also examines how and why economies - including the Eurozone, Russia, China, India, East Asia, and the Middle East - have been impacted and explores their response to the unprecedented challenges of the crisis and the effectiveness of their policy measures. Global Financial Contagion specifically looks at how the Obama administration's policy missteps have contributed to America's huge debt and slow recovery, why the Eurozone's response to its existential crisis has become a never-ending saga, and why the G-20's efforts to create a new international financial architecture may fall short. This book will long be regarded as the standard account of the crisis and its aftermath.

Capital City

Samuel Stein
Capital City Book PDF

Author : Samuel Stein
Publisher : Verso Books
Page : 242 pages
File Size : 45,8 Mb
Release : 2019-03-05
Category : Social Science
ISBN : 9781786636386

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Capital City by Samuel Stein Pdf

“This superbly succinct and incisive book couldn’t be more timely or urgent.” —Michael Sorkin, author of All Over the Map Our cities are changing. Around the world, more and more money is being invested in buildings and land. Real estate is now a $217 trillion dollar industry, worth thirty-six times the value of all the gold ever mined. It forms sixty percent of global assets, and one of the most powerful people in the world—the president of the United States—made his name as a landlord and developer. Samuel Stein shows that this explosive transformation of urban life and politics has been driven not only by the tastes of wealthy newcomers, but by the state-driven process of urban planning. Planning agencies provide a unique window into the ways the state uses and is used by capital, and the means by which urban renovations are translated into rising real estate values and rising rents. Capital City explains the role of planners in the real estate state, as well as the remarkable power of planning to reclaim urban life.

The Affordable Housing Reader

Elizabeth J. Mueller,J. Rosie Tighe
The Affordable Housing Reader Book PDF

Author : Elizabeth J. Mueller,J. Rosie Tighe
Publisher : Taylor & Francis
Page : 568 pages
File Size : 45,9 Mb
Release : 2022-07-14
Category : Architecture
ISBN : 9781000594829

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The Affordable Housing Reader by Elizabeth J. Mueller,J. Rosie Tighe Pdf

This second edition of The Affordable Housing Reader provides context for current discussions surrounding housing policy, emphasizing the values and assumptions underlying debates over strategies for ameliorating housing problems experienced by low-income residents and communities of color. The authors highlighted in this updated volume address themes central to housing as an area of social policy and to understanding its particular meaning in the United States. These include the long history of racial exclusion and the role that public policy has played in racializing access to decent housing and well-serviced neighborhoods; the tension between the economic and social goals of housing policy; and the role that housing plays in various aspects of the lives of low- and moderate-income residents. Scholarship and the COVID-19 pandemic are raising awareness of the link between access to adequate housing and other rights and opportunities. This timely reader focuses attention on the results of past efforts and on the urgency of reframing the conversation. It is both an exciting time to teach students about the evolution of United States’ housing policy and a challenging time to discuss what policymakers or practitioners can do to effect positive change. This reader is aimed at students, professors, researchers, and professionals of housing policy, public policy, and city planning.

Never Say Die

Susan Jacoby
Never Say Die Book PDF

Author : Susan Jacoby
Publisher : Vintage
Page : 354 pages
File Size : 54,7 Mb
Release : 2012-02-14
Category : Social Science
ISBN : 9780307456281

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Never Say Die by Susan Jacoby Pdf

A wake-up call to Americans who have long been deluded by the dangerous twenty-first hucksters of longevity. “If old age isn’t for sissies, neither is Susan Jacoby’s tough-minded and important book ... which demolishes popular myths that we can ‘cure’ the ‘disease’ of aging.”—The Washington Post Combining historical, social, and economic analysis with personal experiences of love and loss, Jacoby reveals the hazards of the magical thinking that prevents us from facing the genuine battles of growing old. Never Say Die speaks to Americans, whatever their age, who draw courage and hope from facing reality instead of embracing platitudes and delusions, and who want to grow old with dignity and purpose. It is a life-affirming and powerful message that has never been more relevant.

Shakedown

Steven Malanga
Shakedown Book PDF

Author : Steven Malanga
Publisher : Ivan R. Dee
Page : 184 pages
File Size : 52,5 Mb
Release : 2010-10-16
Category : Political Science
ISBN : 9781566639668

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Shakedown by Steven Malanga Pdf

As their infatuation with President Obama fades, millions of Americans anxiously ask, Is this the change we were waiting for? The current administration represents change, for sure, Steven Malanga argues - a momentous transformation of the fundamental structure of American politics. A self-interested coalition of public-sector unions and government-financed community activists (like the young Barack Obama) has become our era''s characteristic political machine. In Shakedown, Mr. Malanga shows how this machine''s single-minded goal is always bigger government and more public spending. The bill, he says, is now coming due for the relentless rise of this new political powerhouse. He chronicles how public-sector unions and the corrupt political hacks beholden to them have all but bankrupted once-rich states like California and New Jersey. He details the campaigns to undermine the successful and popular 1990s welfare reform and to revitalize the failed, wasteful War on Poverty programs that funnel taxpayer money to the advocacy groups that are integral cogs in the new political machine. And he provides a comprehensive summary of how these same advocacy groups spent decades helping undermine mortgage standards in the name of helping the poor - in the process enriching themselves and enabling the housing meltdown. As Americans anxiously ponder the future direction of their government and their economy, Shakedown explores the questions of who got us in this mess and why we need change - constructive change - more than ever.

WRONG

Richard S. Grossman
WRONG Book PDF

Author : Richard S. Grossman
Publisher : Oxford University Press
Page : 224 pages
File Size : 43,9 Mb
Release : 2013-09-23
Category : Business & Economics
ISBN : 9780199322213

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WRONG by Richard S. Grossman Pdf

In recent years, the world has been rocked by major economic crises, most notably the devastating collapse of Lehman Brothers, the largest bankruptcy in American history, which triggered the breathtakingly destructive sub-prime disaster. What sparks these vast economic calamities? Why do our economic policy makers fail to protect us from such upheavals? In Wrong, economist Richard Grossman addresses such questions, shining a light on the poor thinking behind nine of the worst economic policy mistakes of the past 200 years, missteps whose outcomes ranged from appalling to tragic. Grossman tells the story behind each misconceived economic move, explaining why the policy was adopted, how it was implemented, and its short- and long-term consequences. In each case, he shows that the main culprits were policy makers who were guided by ideology rather than economics. For instance, Wrong looks at how America's unfounded fear of a centralized monetary authority caused them to reject two central banks, condemning the nation to wave after wave of financial panics. He describes how Britain's blind commitment to free markets, rather than to assisting the starving in Ireland, led to one of the nineteenth century's worst humanitarian tragedies- the Irish famine. And he shows how Britain's reestablishment of the gold standard after World War I, fuelled largely by a desire to recapture its pre-war dominance, helped to turn what would otherwise have been a normal recession into the Great Depression. Grossman also explores the Smoot-Hawley Tariff of 1930, Japan's lost decade of the 1990s, the American subprime crisis, and the present European sovereign debt crisis. Economic policy should be based on cold, hard economic analysis, Grossman concludes, not on an unquestioning commitment to a particular ideology. Wrong shows what happens when this sensible advice is ignored.

From Foreclosure to Fair Lending

Chester Hartman,Gregory Squires
From Foreclosure to Fair Lending Book PDF

Author : Chester Hartman,Gregory Squires
Publisher : New Village Press
Page : 352 pages
File Size : 53,6 Mb
Release : 2013-10-22
Category : Social Science
ISBN : 9781613320136

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From Foreclosure to Fair Lending by Chester Hartman,Gregory Squires Pdf

This book describes the new wave of fair housing activism in the face of foreclosures and explains what must be done now in the United States to make meaningful progress toward the goals of equitable access to credit, fair housing, and equal opportunity.

Precarious Professional Work

Alexander Styhre
Precarious Professional Work Book PDF

Author : Alexander Styhre
Publisher : Springer
Page : 263 pages
File Size : 47,8 Mb
Release : 2017-08-07
Category : Business & Economics
ISBN : 9783319595665

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Precarious Professional Work by Alexander Styhre Pdf

This book examines the new conditions under which professional work, often referred to as “knowledge-intensive work,” is organised and how professional groups who have traditionally been granted jurisdictional discretion now have their work routines renegotiated. In the new economic regime of what has been called “investor capitalism” and under the influence of shareholder primacy governance, professional work is put under pressure to change. The author explores issues of increased financial and economic volatility, the pressure to outsource and offshore professional work and the increased supply of competitors with tertiary education degrees in the labour market. Examining both macroeconomic conditions and policy that inform and shape the domain of professional work, the book emphasises how the nature of professional work has changed since the 1980s and 1990s and argues that it is no longer a “safe haven” for a favoured group of elite workers. Precarious Professional Work underlines how the study of professions must constantly accommodate new economic conditions and managerial practices to better understand how professional work is dependent on and entangled with external social, economic, and political conditions.