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Loading... The Monster: How a Gang of Predatory Lenders and Wall Street Bankers Fleeced America--and Spawned a Global Crisisby Michael W. Hudson
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Sign up for LibraryThing to find out whether you'll like this book. No current Talk conversations about this book. Loved it! White collar crime in little old Orange County? OMG! Tell me it isn't so! It's books like this that should help us rethink our glorification of wealth accumulation and face what really happens to a people who are consumed by making money. The millionaire you know may be a monster. Thank you to Michael Hudson and others like him who use their talents to expose the truth instead of sitting silently, as most do. no reviews | add a review
Chronicles the rise and fall of the subprime mortgage business through the stories of two corporate empires. No library descriptions found. |
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It’s an enraging story and it’s not fixed, though I’m experiencing at least some schadenfreude with the recent Massachusetts Supreme Judicial Court ruling pointing out that the entities foreclosing on a lot of these loans have no proof that they own them, because these experienced and sophisticated businesses who insist that unsophisticated homeowners are responsible for every piece of paper those homeowners (allegedly) signed—wait for it—didn’t keep actual records, or transfer them as the securitizers promised to do in the contracts they signed with the banks and investors. Ooops. Couldn’t have happened to a nicer industry. ( )