$700 Billion Bailout: The Emergency Economic Stabilization Act and What It Means to You, Your Money, Your Mortgage, and Your TaxesOur Price: $7.50
"Is America a sinking ship? With the economy in the midst of crisis, the United States government has approved an unprecedented $700 billion bailout of the battered financial industry. $700 Billion Bailout is an analysis of the controversial Emergency Economic Stabilization Act and explains in easy to understand language what the bailout bill means for individuals. The bill...will include tax breaks shielding millions of taxpayers from the alternative minimum tax this year, increase FDIC insurance for bank deposits..., and provide support for Wall Street's floundering financial institutions..."--P.  of cover.
- Format: Paperback
- ISBN-13: 9780470462560
- Publisher: JOHN WILEY & SONS, INC.
- Published: 2009
Our Price: $14.00
The crisis which swamped financial markets around the world in the wake of the subprime mortgage crunch was set in motion by a number of factors. 'Chain of Blame' follows the money borrowed and spent from individual homeowners to the big investment banks and nontraditional lenders who stood to make a fortune... provided that everyone at the bottom payed off their mortgage debt. Investors at every stage of the process were complicit in growth of the bubble which burst in 2007, and the authors illuminate how simple human greed encouraged by market forces fed the fire. This is an important book for anyone who wants to understand why credit crumbled.
- Format: Hardcover
- ISBN-13: 9780470292778
- Publisher: John Wiley & Sons
- Published: July 2008
Our Price: $14.95
An updated and revised look at the truth behind America's housing and mortgage bubblesIn the summer of 2007, the subprime empire that Wall Street had built all came crashing down. On average, fifty lenders a month were going bust-and the people responsible for the crisis included not just unregulated loan brokers and con artists, but also investment bankers and home loan institutions traditionally perceived as completely trustworthy.Chain of Blame chronicles this incredible disaster, with a specific focus on the players who participated in such a fundamentally flawed fiasco. In it, authors Paul Muolo and Mathew Padilla reveal the truth behind how this crisis occurred, including what individuals and institutions were doing during this critical time, and who is ultimately responsible for what happened.Discusses the latest revelations in the housing and mortgage crisis, including the SEC's charging of Angelo Mozilo Two well-regarded financial journalists familiar with the events that have taken place chronicle the crisis in detail, showing what happened as well as what lies aheadDiscusses how the world's largest investment banks, homeowners, lenders, credit rating agencies, underwriters, and investors all became entangled in the subprime messIntriguing and informative, Chain of Blame is a compelling story of greed and avarice, one in which many are responsible, but few are willing to admit their mistakes.
- Format: Paperback
- ISBN-13: 9780470554654
- Publisher: John Wiley & Sons, Inc.
- Published: February 2010