Includes bibliographical references (pages 245-257) and index.
CONTENTS NOTE
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Subprime précis -- Sizing up subprime -- Everyone should own a home -- Chairman Greenspan counts on housing -- Global money men want a piece -- Bad lenders drive out the good -- Financial engineers and their creations -- Home buildings run aground -- As the regulatory cycle turns -- Boom, bubble, bust, and crash -- Credit crunch -- Timid policymakers turn bold -- Economic fallout -- Back to the future.
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SUMMARY OR ABSTRACT
Text of Note
Examines the underlying causes of the current mortgage crisis, from irresponsible lenders and predatory speculators to home "flippers" and less-than-truthful borrowers, and provides advice for reforms and regulations which could prevent a recurrence in the future.