Other People's Houses: How Decades of Bailouts, Captive Regulators, and Toxic Bankers Made Home Mortgages a Thrilling Business
| Author | : | |
| Rating | : | 4.88 (507 Votes) |
| Asin | : | 0300168985 |
| Format Type | : | paperback |
| Number of Pages | : | 416 Pages |
| Publish Date | : | 2017-08-11 |
| Language | : | English |
DESCRIPTION:
"100 years from now works like these will be the only accurate depictions to counterbalance" according to Steven N. Weisman. This book is so well written and thoroughly researched that it must be buried in a time capsule for historians to dig up. 100 years from now works like these will be the only accurate depictions to counterbalance all the nonsensical shallow talking points spewed by conservative think tanks, TV commentators an. Mark Shipley said Solid Research and Analysis. Lots of detail and careful research. This book benefits from the author being a lawyer and understanding the various laws at work in the residential mortgage industry.Not as much fun as The Big Short or as gripping a personal interest story as Chain of Title, but a solid scholarly addition to the literature o. Thick at times. Hobby Tech Read this from the public library, so I wanted a copy. Somewhat technical historical account of the real estate bust, with laws, personalities, financial explanation.
Cunningham, George Washington University, editor of The Essays of Warren Buffett: Lessons for Corporate America"Demonstrating an academic's rigor and a style that is accessible to all, Taub takes us through decades of bad housing policy by bringing to life the greedy bankers and indifferent regulators who seem to keep bringing our financial system to its knees. .A must read for anyone seeking to understand the causes of the last financial crisis and why we may very well be heading towards another."--Neil Barofsky, former Special Inspector General for the Troubled Asset Relief
And despite modest regulatory reforms, the disease remains uncured: top banks remain too big to manage, too big to regulate, too big to prosecute, and too big to fail.. Focusing new light on the similarities between the savings and loan debacle of the 1980s and the financial crisis in 2008, Taub reveals that in both cases the same reckless banks, operating under different names, failed again, while the same lax regulators overlooked fraud and abuse. In the wake of the financial meltdown in 2008, many claimed that it had been inevitable, that no one saw it coming, and that subprime borrowers were to blame. Furthermore, in 2014, as the legal problems plaguing JPMorgan Chase demonstrate, the situation is essentially unchanged. This accessible, thoroughly researched book is Jennifer Taub's response to such unfounded claims. Drawing on wide-ranging experience as a corporate lawyer, investment firm counsel, and scholar of business law and financial market regulation, Taub chronicles how government officials helped bankers inflate the toxic-mortgage-backed housing bubble, then after the bubble burst